The 10 Best Home Care Agencies for Seniors in Cos Cob, CT for 2024

Caring.com offers a free service to help families find senior care and authentic reviews to help you in your decision. On average in Cos Cob, CT, residents and their loved ones rate In Home Care agencies across the 70 options below.

Cos Cob’s average monthly price of $5,339 for home care is roughly $100 higher than the average for Connecticut, but roughly $380 higher than the national average. Seniors see slightly lower prices in state capital Hartford and in New Haven. The highest average monthly price for home care in Connecticut is in Norwich, which reports a price of $5,506.

Cos Cob seniors who need round-the-clock medical support of a skilled nursing facility see extremely high prices for nursing home care, illustrated by an average monthly price of $16,805 for a semiprivate room. Assisted living care is roughly $900 more expensive than home-based care on a monthly basis. Though its hours and medical support abilities are relatively limited by comparison, adult day health care can be a good choice for certain seniors who look to save on care costs.

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.