The 10 Best Home Care Agencies for Seniors in Anchorage, AK for 2024

Last Updated: June 5, 2024

Situated in Southcentral Alaska, Anchorage offers views of the Chugach Mountains to the east and the Cook Inlet to the west. In this region, 21 home care agencies provide personal care and companionship in contrast to home health care agencies, which have certified aides who administer skilled nursing services. The 2024 median rate for non medical in-home care in Anchorage is roughly $5,920, exceeding the Alaska norm by about $370.

Learn more about local home care agencies by reading through the 24 reviews reviews in our directory. Based on feedback, these agencies earn an average rating of 4.5 out of 5 stars stars.

According to the 2024 Genworth Cost of Care Survey, home care agencies in Anchorage charge around $5,920 per month. This cost surpasses the national norm by about $200 but is well below the Alaska median of $6,292. It also compares favorably to rates in other Pacific Northwest cities, such as Mount Vernon, WA, where agencies charge around $8,580.

With monthly fees of around $5,920, home care ranks as the most affordable senior care solution in Anchorage. By comparison, seniors pay about $1,260 more for assisted living. Nursing home care costs run even higher at approximately $18,706, highlighting the financial benefits of receiving less intensive care at home.

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.