Monday, October 28, 2013

Nursing Homes Are Expensive – Care Monk

Nursing homes are private institutions that provide residential accommodations with health care, especially for elderly people. Unfortunately nursing homes are expensive and your aging loved ones do not get to enjoy the comfort of their own home. Sure nursing homes provide food, activities, a room, and nursing employees to take care of their needs, but every year these prices increase, and lets not forget that our elders are losing their independence the day they leave their home.

Photo By Nursing Home Abuse Center
Over the past 5 years the median annual cost of private nursing homes have jumped 24% from $67,527 to $83,950, according to Genworth's 2013 Cost of Care Survey, based on data from nearly 15,000 long-term care providers. Bob Bua, the vice president of Genworth says, “ a combination of factors are pushing costs higher”. Expenses like insurance, food, building maintenance and labor and costs are going up and passed along to customers as a result. This issue is leaving elders and families searching for alternative routes to ensure their loved ones needs are taken care of at a affordable rate.

In-home care is the most attractive alternative route to nursing homes for many seniors. A different Genworth study found that 78% of respondents would prefer to receive care in their own homes rather than go to a nursing home or assisted living facility. Caregivers are now the fastest growing job in the country, according to the Labor Department. In-home care offers prices that stay low and quality service that is sure to fulfill the needs of our sick and aging loved ones. Thats why new online companies like CareMonk.com are disrupting the health industry by offering our elders their independence back and charging over 70% less for their services. The rise of in-home care is the future and the nursing home will be the past and the future is today.  

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