If your loved one is on a fixed income, it's important to know which places in the United Stated will stretch her dollar the furthest. For working adults, a high cost of living is often balanced out with a higher hourly wage. For retired adults, things like low income taxes and affordable living matter most financially. In Camden, New Jersey, here is how far your loved one's money will go.
Assisted Living Costs
The lowest assisted living facility cost in Camden County is $2,200 a month. The highest facilities run $4,900 a month. The average cost is $3,850 a month for an assisted living facility. Unlike nursing homes, assisted living is for adults that want to remain independent and only need assistance with daily activities and tasks. Not all insurance covers assisted living facilities. Depending on the policy, some may only cover the "care" portion of the costs.
Nursing Home Costs
In Camden County, the average daily rate of a semi-private nursing home is $263, or an annual rate of $95,995. This number is slightly higher than the national average of $225 a day for a semi-private nursing home room. The daily rate of a private room in Camden will run your loved one $280 a day or $102,200 annually.
Although Medicare will pay for long-term care, it will only do so if you have minimal assets. Medicare can require your loved one to sell or "spend down" all their possessions until they fall below the threshold of coverage.
Home Care Costs
An in-home caregiver will cost your loved one about $19 an hour in Camden. The great thing about a caregiver is that you can choose to hire them for a couple of hours a week or a day, whichever fits the needs and budget of the individual. Private care offers a multitude of services, from assisting with meals to ensuring your loved one takes their medication daily. This hourly rate for a private aid is comparable to the national average.
For more information on home care near you, refer to our services. Our caregivers are more than happy to help you or a loved one get the care you need.