The 10 Best Home Care Agencies for Seniors in Mount Juliet, TN 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 Juliet, TN, residents and their loved ones rate In Home Care agencies 5.0 out of 5 stars across the 23 options below.

Seniors in Mount Juliet pay $4,767 monthly for in-home care. Genworth’s 2021 Cost of Care Survey noted this is nearly $200 more than the state average of $4,576 but $190 less than the national average of $4,957. Chattanooga’s residents pay the same for home care as Mount Juliet’s, but those living in Memphis, where the cost is $4,242, can save over $500 monthly. In Johnson City, at the far northeast end of the state, monthly home care costs are the most economical at $4,004.

Home care and home health care in Mount  Juliet each cost $4,767 monthly. While they provide similar services, assisting with daily tasks, home health care also addresses medical needs with skilled nursing. Retirees needing only daytime supervision can save substantially with adult day health care, which costs $1,842. Seniors who need help with personal care and live in retirement communities pay an average of $4,100 for assisted living. However, elderly adults requiring 24-hour skilled nursing in a nursing home facility pay much more at $7,270 monthly for a semiprivate room.

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.