The 10 Best Home Care Agencies for Seniors in Prosper, TX 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 Prosper, TX, residents and their loved ones rate In Home Care agencies across the 61 options below.
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Paying for Home Care in Prosper, TX
The Cost of Home Care in Prosper
The 2021 Genworth Cost of Care Survey reveals the median monthly fee for home care in Prosper to be $4,767. The town’s typical senior pays $191 more per month than the average Texan but saves $190 when compared to the equivalent American. Prosper is generally costlier than nearby cities, except Dallas, where the average fee is another $95 per month. Comparisons with Prosper show Waco’s typical senior saves $99, Tyler’s residents save $391 and Longview’s save $954.
Prosper
$4,767
Texas
$4,576
United States
$4,957
Dallas
$4,862
Tyler
$4,376
Longview
$3,813
Waco
$4,668
The Cost of Home Care vs. Other Senior Care Options in Prosper
Comparing home care fees with other types of care in Prosper reveals it to be at the costlier end of the spectrum. Home health care agencies also average $4,767 per month. This is despite it providing basic medical care from licensed professionals. Assisted living’s average fee of $3,500 is notably more affordable. However, this option involves relocating, which might be difficult for some seniors. The most expensive option in Prosper is nursing home care. The average facility charges $5,171 for a semiprivate room.
Home Care
$4,767
Home Health Care
$4,767
Assisted Living
$3,500
Nursing Home Care (semiprivate room)
$5,171
Note: Data for Prosper was unavailable, so data for the nearest city, Sherman, was used instead.
Financial Assistance for Home Care in Prosper, TX
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.
Free & Low-Cost Home Care Resources in Prosper, TX
Seniors living at home don’t always need to handle issues alone or spend their money on support services. There are many organizations providing free or low-cost support in Prosper. This table shows nonprofits that provide fresh meals, help with legal matters and assist with utility bills. Others make homes safer and more energy-efficient and help seniors file their taxes.
Resource | Contact | Service |
---|---|---|
Weatherization Assistance Program | (800) 677-8264 | The Weatherization Assistance Program's purpose is to make homes more energy-efficient for income-eligible residents. Work varies between homes, but typically includes caulking, weather-stripping and insulating ceilings, walls and floors. |
Home Repair Program | (972) 542-5300 | Habitat for Humanity's home repair program makes homes safer and ensures compliance with building regulations. Construction crews can paint the exterior, replace damaged doors and windows and repair roofs. Homeowners must have a minimum income level so they can contribute toward renovation costs. |
Meals on Wheels Collin County | (972) 562-6996 | Homebound Collin County residents aged 60+ may qualify for free home-delivered meals. Volunteers deliver one nutritionally balanced meal per day on weekdays. The program also provides each senior with an emergency box meal to use if the volunteer can't deliver. |
Assistance Center of Collin County | (972) 422-1850 | The Assistance Center of Collin County can provide temporary financial support to seniors struggling to pay their bills. Consequently, it can help older adults avoid being evicted or having their utility provider cut off access to gas and electricity. |
AARP Foundation Tax-Aide Program | Locator for Aide Centers | Each tax season, IRS-certified volunteers help seniors prepare their taxes free of charge. They operate from centers in and around Prosper, where seniors can drop off their documents for the volunteer to prepare. Alternatively, both parties can work together by phone. |
Legal Aid of Northwest Texas | (855) 548-8457 | Legal Aid of Northwest Texas is a nonprofit organization. Its attorneys and paralegals provide information and advice to seniors with legal problems and represent them in court when necessary. The firm specializes in civil law matters, including health care, housing, bankruptcy and elder abuse. |
Determining Your Loved One’s Need for In-Home Care
Aging can be a difficult process, and loved ones may not always ask for help – often times it’s up to their family to evaluate their need for help around the house. While no two situations are exactly alike, this checklist can help you and your loved ones determine when it’s time to start the search for a home care provider.
Guidelines for Talking About In-Home Care
If you’ve determined that your loved one needs the assistance of a care provider in their home, it may be time for a difficult conversation. Handled correctly, however, this process can bring a family together and ensure that everyone’s concerns are addressed. Use this PDF as a starting point to help the conversation stay as positive and productive as possible.