The 10 Best Home Care Agencies for Seniors in Coconut Creek, FL 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 Coconut Creek, FL, residents and their loved ones rate In Home Care agencies across the 62 options below.

The Genworth 2020 Cost of Care Survey reports that the average cost of home care in Coconut Creek is $3,623 per month. This is $572 less than the Florida statewide average of $4,195 and $858 less than the national median of $4,481. Coconut Creek also offers cost savings over several nearby cities, including Naples, where the average monthly rate is $4,767. This holds true for Coconut Creek versus Cape Coral and Port St. Lucie, where the average costs are $4,576 and $4,147, respectively.

Care costs vary in Coconut Creek. Adult day health care has the lowest cost at $1,300 per month. Home care averages $3,623 per month, whereas home health care costs $3,813. In contrast to home care, home health care includes certain medical services that may be provided by registered nurses or therapists. Assisted living costs slightly less at $3,500 per month, while nursing homes charge an average of $9,095 for a semiprivate room.  

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.