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198 Don’t Make Me Say I Told You So

In-home care can cover tasks as simple as keeping the home
clean, doing laundry, running errands, and as complex as help

with medications and medical assistance. Typically, in-home
care workers are paid on an hourly basis. The cost can vary a

great deal based on the services the caregiver provides.

U.S. Median Monthly Cost for Home Health Care in 2018

Home Health Care Monthly Rate

Homemaker Services $4,004

Homemaker Health Aide $4,195

Source: Genworth Financial 2018 Cost of Care study. Based on the annual rate divided by
12 months, assumes 44 hours per week.

Nursing Home

A nursing home is a residential facility for people, usually

elderly, who have a chronic illness or disability, and require
near-constant nursing care. People who live in these facilities

typically need help with almost all aspects of daily living.
Nursing homes are the most expensive of the three types of

long term care we’ve discussed here. Here are the highest and
lowest average annual costs for nursing homes by state.

Please insert chart #130 MEDIAN U.S. COST OF NURSING
HOME CARE. It's in our shared Dropbox folder.

Chapter 5: Things That Can Wreck Your Retirement