The 10 Best Home Care Agencies for Seniors in Ponca City, OK 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 Ponca City, OK, residents and their loved ones rate In Home Care agencies 5.0 out of 5 stars across the 13 options below.

Seniors can expect to pay $4,862, according to the 2021 Genworth Cost of Care Survey, to receive home care services in Ponca City. This is on par with the state average of $4,862 and about $100 less than the national norm. In Oklahoma City, prices are slightly higher than in Ponca City, averaging $4,957 per month. Home care services in Tulsa are slightly more affordable, averaging savings of around $100 per month. The most affordable care in the state can be found in Lawton, where prices are more than $1,000 lower than in Ponca City.

The cost of senior care varies based on the services provided. In Ponca City, home care and home health care share the same average monthly cost of $4,862, though home care focuses on nonmedical personal care, while home health care includes skilled nursing services. More budget-conscious seniors can save around $900 per month in assisted living while receiving around-the-clock personal care. Seniors with more complex medical needs may require nursing home care, which is the costliest option in the area at $5,658 monthly.

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.