The 5 Best Home Care Agencies for Seniors in New Iberia, LA for 2024

Last Updated: June 5, 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 New Iberia, LA, residents and their loved ones rate In Home Care agencies 4.6 out of 5 stars across the 8 options below.

According to Genworth’s 2021 Cost of Care Survey, home care in New Iberia averages $3,813 per month, which is $190 more expensive than the Louisiana state average. The U.S. monthly average cost of home care is roughly 30% higher than in New Iberia. Neighboring cities of Houma and Baton Rouge cost the same as New Iberia ($3,813). With its monthly average of $3,634, Hammond is the most affordable city for home care in Louisiana. Lake Charles averages $3,909 per month for home care, making it the most expensive city in the state. 

The average monthly rate of both home care and home health care in New Iberia is $3,813. Although the rate is the same, home care provides assistance with self-care and chores, while home health care also offers skilled nursing. For seniors who  want to live within a community, assisted living averages $3,850, which is costlier than home care. The most expensive option is nursing home care, which averages $5,272.

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.