The 10 Best Home Care Agencies for Seniors in Mount Prospect, IL 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 Mount Prospect, IL, residents and their loved ones rate In Home Care agencies 4.8 out of 5 stars across the 66 options below.

At $5,672 per month, Mount Prospect's median fee is above Illinois' $5,339 and significantly more than the country's $4,957. Consequently, seniors comparing cities in the state are likely to find they're more affordable than Mount Prospect. Examples include Rockford, where the average is $5,625, Kankakee, where it's $5,148, and Peoria, where $5,053 is the norm. An exception is Danville, where the typical senior pays $8,818 per month.

Home care's average fee of $5,672 is one of the most expensive senior care options in Mount Prospect. Home health care costs an additional $48 per month, however. This reflects the inclusion of registered nurses and licensed therapists that provide limited skilled nursing services, as opposed to home care's nonmedical offering. The most affordable option is adult day health care, at $1,842; this is cheaper because care is delivered in a center during business hours. Assisted living is the least expensive type of institutional care, at $4,825. The costliest is nursing home care, where the median monthly fee for a semiprivate room is $6,996.

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 to pay 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 nonmedical 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 services 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 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 tax-free portion of your home's equity in cash. 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 have to repay the loan once the last surviving homeowner passes away, moves, or sells the home.