Cost of Senior Care in Wisconsin

Written by Julia on October 17, 2015

Most people will need some form of assistance as they age. In Wisconsin, there are 5,724,692 residents, with 823,999 of those people over the age of 65, representing 14% of the population. The majority of these seniors are currently in the market for care assistance to address their changing needs.

While several options for care exist, care can be expensive. People primarily pay for care with their own private or family funds. Long term care insurance or long term care protection combined with life insurance and annuities are another way to help pay for care. Medicare and Medicaid may contribute towards some long term care expenses, but are limited in coverage and by asset requirements.

Expenses are based on the type of care option received. Using 2015 Cost of Care data from Genworth, we will explore the primary elder care options available in Wisconsin: Home Care, Adult Day Care, Assisted Living, and Skilled Nursing.

Home Care

In Wisconsin, home care is the most common option. Home care agencies are not Medicare-certified because they do not offer skilled nursing services. Rather, home care typically involves an aid who can help at home with a variety of personal care and homemaker tasks. Activities of daily living include bathing, dressing, transferring, and toileting. Homemaker services include meal preparation, shopping, errands, and transportation in addition to general companionship.

Home care is available for a few hours a day, or 24/7. The hourly cost of home care in Wisconsin ranges from $16-35. The median hourly cost of home care in Wisconsin is greater than the national average of $20. The annual cost is $50,336, for 44 hours of care per week for 52 weeks, though many people use home care only part-time.

Adult Day Care

Typically, adult day care is used to provide a break for family caregivers. It is given through a community-based center for adults who need assistance or supervision during the day, but not around-the-clock care.

The daily cost of adult day care in Wisconsin ranges from $43-112. The median daily cost in Wisconsin is less than the national average of $69. The annual cost is $16,900, for 5 days per week for 52 weeks.

Assisted Living

Assisted-living is also community-based. Facilities provide personal care and health services to people who may need assistance with activities of daily living. The care provided is not as extensive as that of nursing homes.

The monthly cost of assisted living in Wisconsin ranges from $740-10,000. The median monthly cost of assisted living in Wisconsin is greater than the national average of $3600. The annual cost is $47,760 for one bedroom in an assisted living facility.

Skilled Nursing

Skilled nursing, also known as nursing homes, provides a high level of care for people who need close 24-hour supervision. They offer personal care assistance, room and board, medication, rehabilitation, and on-site nursing care.

For private rooms, the daily cost of skilled nursing in Wisconsin ranges from $185-836.The median daily cost of skilled nursing in Wisconsin is greater than the national average of $250. The annual cost is $99,499.

Conclusion

Do not let the cost of aging sneak up on you and your loved ones. Having a conversation with the entire family about care needs and figuring out how to pay for care have never been more important. Planning today will enable your loved one to age well and comfortably without added worry.