The 10 Best Home Care Agencies for Seniors in Schaumburg, 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 Schaumburg, IL, residents and their loved ones rate In Home Care agencies 4.8 out of 5 stars across the 93 options below.

Seniors can expect to pay $5,672 per month for home care in Schaumburg. That’s about $333 more than the Illinois median and $715 more than the national median. Schaumburg is the most expensive location in the state for home care. Rockford is similar at $5,625 per month. Kankakee has a median cost that’s about $524 less, while Bloomington costs around $619 less. Decatur is one of the lowest-priced options, costing about $905 less.

While nonmedical home care costs $5,672 per month, there are other options depending on budgets and needs. Home health care, which includes skilled nursing and other medical services, costs about $48 more per month. Seniors who want to save money might consider adult day health care, which costs $3,830 less per month. Assisted living is also cheaper than home care in Schaumburg, with a median cost of $4,825. For a residential option with skilled nursing care, a semiprivate room in a nursing home typically costs approximately $1,324 more than home 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.