The 10 Best Home Care Agencies for Seniors in Parker, CO for 2025

According to Genworth’s 2021 Cost of Care Survey, home care is a little more expensive in Parker at $6,769 versus the Colorado average of $6,387. Colorado is more costly overall than the national average of $4,957, but seniors can potentially save money by considering certain locations in the state. One inexpensive option is Pueblo, with costs roughly at $5,268. Grand Junction is also highly affordable at $5,434. Fort Collins offers savings of over $600, while prices in Boulder are equivalent to Parker’s $6,769 monthly rate.

Home care lets seniors avoid moving into an assisted living community or nursing home, but it may be more expensive than some alternatives. Assisted living costs $5,500, while adult day health care is very inexpensive at $2,275. Seniors requiring intensive medical care may choose to access home health care at $6,864 monthly or move into a nursing home, which has an average cost of $8,669 but generally provides round-the-clock skilled nursing care.

Given the high cost of in-home care, many people use one or more forms of financial assistance to cover the expenses. Below, we explain some of the most common sources of financial help for paying for in-home care. If none of these options are available to you, you can reach out to your Area Agency on Aging or Aging and Disability Resource Center to learn about local resources.

• Long-Term Care Insurance: Long-Term Care Insurance covers expenses related to senior care, including in-home care. Depending on the policy type, beneficiaries may receive a cash payment to use towards long-term care or reimbursement for qualifying long-term care expenses. Note that there are limitations- typically a maximum benefit of $150 per day- and exact coverage terms vary depending on the exact policy, so always check the details.
• Medicare: Medicare does not cover in-home care because it is classified as custodial, or non-medical, care. However, some Medicare Advantage and Medicare Supplement plans, which offer expanded benefits, may cover in-home custodial care.
• Medicaid: Medicaid coverage of in-home care varies between different states because it is not a federally mandated benefit. Currently, all states cover some in-home care either through their standard Medicaid or a waiver program. The specific coverage rules are set individually by each state.
• Veterans’ Benefits: The Aid and Attendance benefit is a monthly cash payment that beneficiaries can use to pay for senior care, including in-home care services. To qualify for A&A, Veterans must already receive the VA pension and meet several additional requirements, including needing assistance with the activities of daily living. Contact the Department of Veterans Affairs to learn more.
• Reverse Mortgages: Home Equity Conversion Mortgages (HECMs) are federally insured loans that are available to homeowners age 62 and over. Reverse mortgages allow you to access a portion of your home’s equity in cash, tax free. Many seniors use reverse mortgages to finance their care expenses, including in-home care. Note that although there are no monthly payments due on reverse mortgage loans, borrowers do have to repay the loan once the last surviving homeowner passes away, moves, or sells the home.