3 Things You May Not Know About Home Care and Granny Pods
Often, articles about senior-care costs have a been-there-heard-that feel. But you might really learn something from a recent CNBC.com article on the topic.
Take these three facts for example. You may especially find them interesting if you’re helping elderly parents live independently or are considering having them move in with you:
- People often underestimate how much a nursing home costs and overestimate how much in-home care costs, according to the Home Instead Senior Care founder, who’s quoted in the article. Geriatric-care manager Marion Somers says home-care aides “can cost as little as $10 an hour in some parts of the country and as much as $27 an hour in other areas.” (You can see averages here.) Granted, that’s for nonmedical care.
“What if you need a nurse to administer insulin shots?” she asks. “That can range anywhere from $75 to $175 depending on where you live.”
- Remember MEDCottages—nicknamed granny pods? The original model costs about $85,000, but other versions are coming out that will be more like $50,000. Plus, after a year or two, the distributor will buy your MEDCottage back “at a negotiated price.”
- MEDCottage has some granny-pod competitors now: the Care Cottage and the iHouse.
The article also goes over some interesting details about what the MEDCottage offers. Check the second page for that.
Leigh Ann Otte is a freelance writer who specializes in health and aging issues. She covers finding and paying for senior care for OurParents. If you have any questions about this post or need help finding senior-care options for a loved one, call 1-866-483-4896 to speak with a care advisor in your area.