The 10 Best Home Care Agencies for Seniors in Carmel, IN 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 Carmel, IN, residents and their loved ones rate In Home Care agencies 4.0 out of 5 stars across the 51 options below.

The cost for home care in Carmel is about $100 more than the national average. It’s also about $300 more than the average for Indiana according to Genworth’s Cost of Care Survey. Compared to other Indiana cities, Carmel’s home care costs are middle-of-the-road. Fort Wayne and South Bend have more expensive median prices: $286 more and $619 more respectively. Seniors find more affordable care in Evansville, where the average is about $750 less than in Carmel, and in Terre Haute, where rates are about $1,400 less.

The average cost of home health care in Carmel is $96 less than the median for home care. However, some families will pay more for home health care because it requires work from medical professionals. Some seniors may be able to save money by using adult day home health care, which costs about $3,400 less than home care. Assisted living is also less expensive by about $600 per month. Only seniors that need constant medical supervision will utilize nursing homes, which cost $2,000 more per month 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.