The 10 Best Home Care Agencies for Seniors in Lake Geneva, WI for 2025

Seniors considering home care in Lake Geneva should budget around $4,385 per month, which is the median fee published in the 2020 Genworth Cost of Care Survey. This is about 13% below normal for Wisconsin and almost $100 less than the national average. It’s also the most affordable place for home care in the region. In Milwaukee, seniors typically pay $5,053 for the service, while their peers pay $5,148 in Racine and $5,339 in Madison.

Home care services in Lake Geneva average $4,385 with an additional $286 per month needed for health care. The Genworth survey doesn’t include adult day care center costs for Lake Geneva, but the state average of $1,322 should give some indication of the ballpark figure. The most affordable care that includes accommodation is assisted living at $3,975, while seniors who need care 24/7 will need to budget around $9,612, which is the average fee for a semiprivate nursing home 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.