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The 5 Best Home Care Agencies for Seniors in Traverse City, MI for 2024

 

Traverse City, MI, has a strong senior community with 22% of its 15,700 residents aged 65+. These seniors can appreciate Traverse City’s below-average cost of living, beautiful summer weather and reasonable health care costs. Additionally, Munson Medical Center serves the people of Traverse City with everything from primary and emergency care to cardiology, surgery and orthopedics. Older adults who need some extra help with personal care or housekeeping but prefer to live at home may choose home care for about $5,148 per month. For people who require therapy or limited skilled nursing services, home health care may be a better option.

Below we've compiled a comprehensive directory of every home care provider in the Traverse City area – complete with services offered and reviews from families who've actually used the service. In addition to our in-depth provider listings, we've compiled resources to help seniors and their families to access all the tools they need to age in place safely and gracefully.

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Home Care Agencies in Traverse City, MI

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Paying for Home Care in Traverse City, MI

The Cost of Home Care in Traverse City, MI

According to Genworth's 2021 Cost of Care Survey, home care costs in Traverse City, which run an average of $5,148 per month, stand in the middle of the cost spectrum. While the city’s rates are higher than the national average of $4,957, they fall significantly below the Michigan state average of $5,529. Some Michigan cities charge higher rates than Traverse City. Rates in Detroit are 11.1% higher than those in Traverse City, and Grand Rapids’ costs are 7.4% higher. Bay City and Saginaw, however, show less expensive prices at $4,957 and $4,195, respectively.

Traverse City

$5,148

Michigan

$5,529

United States

$4,957

Detroit

$5,720

Grand Rapids

$5,529

Bay City

$4,957

Saginaw

$4,195

The Cost of Home Care vs. Other Senior Care Options in Traverse City, MI

Traverse City’s seniors have many care options to choose from. Adult day programs are least expensive at $1,625 per month. Assisted living is also less expensive than home care by $688 per month, but it does require a move. Home care may be right for people who need help with personal care and housekeeping, but those who require light medical care may want to pay $191 more for home health care. Nursing home care offers the highest level of service but is also the most expensive care type at $8,821.

Home Care

$5,148

Home Health Care

$5,339

Adult Day Health Care

$1,625

Assisted Living Facility

$4,460

Nursing Home Care (semiprivate room)

$8,821

Note: Data for Traverse City was unavailable, so data for the nearest city, Midland, was used instead.

Financial Assistance for Home Care in Traverse City, MI

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.

Frequently Asked Questions

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The material on this site is for informational purposes only and is not a substitute for legal, financial, professional, or medical advice or diagnosis or treatment. By using our website, you agree to the Terms of Use and Privacy Policy

Caring.com

Caring.com is a leading online destination for caregivers seeking information and support as they care for aging parents, spouses, and other loved ones. We offer thousands of original articles, helpful tools, advice from more than 50 leading experts, a community of caregivers, and a comprehensive directory of caregiving services.

 

The material on this site is for informational purposes only and is not a substitute for legal, financial, professional, or medical advice or diagnosis or treatment. By using our website, you agree to the Terms of Use and Privacy Policy

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