There has been a marked increase in those receiving in home healthcare over the last decade. Today, about 12 million people receive some sort of care within their home. This is in stark contrast to the 7.6 million that reportedly were receiving in home care in 2001. At that time, there were only about 20,000 home care service providers. Hospice Home Care Agency Today, there are over 33,000. Still, there are many people that receive in home care from a relative. But if anything is clear, the amount of people demanding in home care is on the rise, and as the baby boomer population approaches their retirement years, there will undoubtedly be a large increase in the amount of people requiring this type of care.
$41.3 billion was estimated to be spent on home or hospice care in 2001. In 2009, that number is closer to $72.2 billion. This is a natural progression as more and more people demand this level of care. In home healthcare is a great alternative because it allows the elderly the most amount of freedom. They get to stay in their own home and enjoy the comforts there.
As more and more people require in home care, a few things will happen. For one, the amount of service providers will continue to increase. Although the United States economy is not in the best of conditions, the healthcare industry is still increasing in size. More and more jobs can be found here-people are always going to need to receive healthcare and as more people age, their needs will become more and more acute. The demand for any type of healthcare is going to steadily increase. If more services are not created, the price of healthcare will probably increase.
What this means to the person in need of healthcare, especially in home healthcare, is that they need to better protect themselves. Having good health insurance is a good option-Medicare accounted for about 41 percent of the $72.2 billion spent on all in home care and hospice payments in 2009. Medicare alone will not protect you, however. There are still going to be costs associated with receiving care. In home healthcare insurance and long term care insurance are both things that might benefit you. As long as you are not currently ill or disabled, you can get a good policy for a reasonable price. Because many people only want to rely on a relative to give them in home care, this type of insurance is beneficial as you can sometimes use it to have a family member trained to give you care.