The 10 Best Home Care Agencies for Seniors in Lake Orion, MI 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 Lake Orion, MI, residents and their loved ones rate In Home Care agencies across the 36 options below.

As Lake Orion borders Detroit, the two communities have the same care costs. This means that seniors can expect to pay $5,720 per month for home care services, which is around $200 higher than the state median. These costs are also more than $760 higher than the national average. While some nearby cities, such as Flint and Monroe, are more affordable than Lake Orion, the community is only about $100 more expensive than Lansing. It’s also around $380 less expensive per month than home care services in Ann Arbor.

Seniors may consider other care options depending on their needs and budgets. Adult day care is the least expensive option at $1,430 per month. Assisted living is also significantly more affordable than home care, though it requires individuals to reside in senior living communities rather than their own homes. Nursing homes are a good option for those in need of 24/7 supervision. As they involve the most comprehensive scope of care, nursing homes are the most expensive option, starting at $8,882.

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.