Retirement & Financial Planning Report

Your elderly parents or other aging loved ones might need substantial care, and so might you some day. Nursing homes and similar institutions can be unfamiliar and expensive. If you want care delivered at home, your parents can hire someone to come in:

Home-care aides, also called personal aides, serve as companions. They typically help with activities of daily living such as dressing and bathing; some will do household tasks such as food preparation and laundry, too.


Home health aides may do all the things a home-care aide will do, as well as provide medication and monitor medical conditions.

To find out what level of care your loved one needs, you can hire a geriatric care manager for an in-home assessment.

You’ll probably pay around $25 an hour if you hire a home aide. The more training the aide has and the more services the aide will perform, the higher the fee you’re likely to pay.