Page 5 - WSAAG051_A Guide for Caregivers Booklet
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2. Paying for Home Care Expenses 3. Building a Health Safety Net
The median daily cost nationwide in 2019 for either homemaker or home Should the good health of a loved
health aide services was between $141 and $144.*** one suddenly turn, is there a ready
source of funds to provide the level
What are the odds that someone will need some of health care they’ll require? A
form of home care assistance? It’s estimated HECM line of credit can furnish the
that 47% of men turning age 65 will need some necessary funds should the need
type of long-term care services in their lifetimes. arise. If the funds are not needed,
For women the percentage is 58%.** the untapped principal grows over
time.
***Genworth Cost of Care Survey, June 2019.
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A home equity
solution could
help meet these
expenses.
A Guide for Children and Caregivers 5
