When it comes to long-term care, which type of care is cheaper? A common misconception is that receiving care at home is less expensive than receiving care at an assisted living facility or a nursing home. Which type of care is the cheapest depends on the amount of care needed. Home care starts out being the most cost effective. However, if continuous care is needed, a nursing home ends up being the least expensive option.
One reason that assisted living can become more expensive than home care or nursing home care is that most assisted living facilities do not provide personal care as part of the basic fee. Instead, most facilities require residents to purchase such care from the facility or an outside provider at an extra charge.
Home care may be even more expensive if the cost of maintaining one’s home is factored in. Of course, money is only one consideration in choosing where to receive care. Many, if not most, seniors would prefer to stay home if at all possible. Other factors include the ability to access quality care, proximity to family members, the regimentation at an institution, and even the quality of food provided.