According to Genworth Financials' 2021 Cost of Care Survey, the average cost of Home Care in Stephenville is $3,590 per month, which is around 4% lower than the Texas average of $3,740. And as compared to the national monthly average of $4,000, Stephenville Assisted Living cost is 10% lower.
Home Care rates in Stephenville and the surrounding suburbs depend on multiple factors, including location, level of care, apartment size, and amenities offered in each community.
The nearest city to Stephenville in terms of distance is Dennis, where Home Care costs around $0 per month, The cost is $NaN lower than the monthly median Home Care in Stephenville.The highest monthly price difference is with Millsap, where the average independent living cost is $NaN lower than that in Stephenville. Seniors in Godley pay an average of $0 per month, which is $NaN lower than per month what their peers pay in Stephenville.
Apart from assisted living, seniors have multiple care options in Stephenville. The senior living you need depends on your required care level and medical conditions. For instance, if you require 24/7 medical supervision, a nursing home in Stephenville could be the better choice than Stephenville assisted living care.
Assisted living communities in Stephenville are designed for seniors who need assistance with ADLs and IADLs. And independent living is for active older adults who can live independently. Thus, assisted living costs are higher than independent living in Stephenville and lower than more intense medical care options through Stephenville nursing home and memory care facilities in Stephenville.
Senior living options with different levels of care available in Stephenville are:
Assisted Living: Assisted living communities in Stephenville offer services that help seniors to receive assistance with ADLs & IADLs daily meal services, and recreational opportunities with other seniors in a community.
Independent Living: Independent living is for active older adults who want to downsize to a home in a retirement community but don't need help to live completely alone.
Nursing Home: Seniors who require specialized care and 24/7 supervision should look for nursing homes.
Memory Care: These communities are for seniors struggling with Alzheimer's or other advanced forms of dementia.
Home Care: Caregivers provide services to older adults in their home to provide primary healthcare, meal delivery services, meal preparation, and transportation to and from appointments.
Continuing Care Retirement Communities (CCRC): A CCRC accommodates Assisted living, Independent living, and Nursing Home care. This means that you can live out the rest of your life in the same setting with on-site medical care.
The median home cost in Stephenville comes at $181,300. This brings Stephenville housing index to 61.4, which is lower than the Texas housing index of 84.3. The overall cost of living index in Stephenville is 80.3 that is lower than the national average of 100 and lower than the state average of 93.9.
The population of Stephenville is 21,687. The median age in the city is 24.6, and about 11% of its population is age 65 or older.
Stephenville is quite diverse, with white, black, and Hispanic/Latino being the three most common ethnicities in the city, about 75% of residents identify as white alone.
The violent crime rate of 12.2 in Stephenville is lower than the national average of 22.7. And the property crime rate of 32.7 seems lower than the national rate of 35.4.
Seasonal Temperatures: Stephenville has a typical summer high of 94°F and a winter low of 32°F. And the yearly rainfall here is about 34 inches, while the snowfall is around 1 inch(es) on average.
Air Quality: The Average air quality index rating is usually 68, which is higher than the national average of 58.The index rating at or below 100 is considered satisfactory.
The health index of 103.9 indicates resourceful quality of healthcare services available for seniors, This index is higher than the state average of 95.4. The Stephenville hospitals cater their services to meet treatment requirements of seniors and people of all ages. Therefore, you can rest assured of getting the best possible care in Stephenville for any common or chronic health condition.
Different financial assistance options are available for seniors to pay the cost of Assisted living in Stephenville. In addition to government programs, the Stephenville area agencies and non-profit organizations provide helping hands towards better senior living in Stephenville, TX.
Private Pay: Private pay is the safest way to pay for Assisted Living in Stephenville. This is because you pay out-of-pocket for the low-income assisted living near you. Still, it might not be the easiest option for most seniors. In that case, you can use a combination of the following options.
Reverse mortgage: A reverse mortgage is a loan. An elderly homeowner with significant home equity can borrow against the value of their property and receive funds. The money can come in the form of a fixed monthly amount, a lump sum amount, or a credit line.
Medicaid and Medicare benefits: Every state has its own Medicaid program to help low-income residents with healthcare-related costs. In addition to medical care expenses, Medicaid covers certain long-term care costs for eligible seniors. However, you will need to meet the state-specific requirements to be approved for the Medicaid benefits in Stephenville. To pay for assisted living in Texas, the state mainly uses HCBS Waivers (Home and Community Based Services). But this waiver does not finance the room and board costs in assisted living.
On the other hand, Medicare doesn't pay the cost of ADLs assistance for assisted living residents. Nevertheless, seniors can use Medicare benefits to pay for approved medical care needs in assisted living communities in Stephenville.
Veteran benefits: The VA’s (Veteran Administration) Aid & Assistance program in Stephenville, Texas pays monthly pensions to eligible veterans and their spouses to help with assisted living payments. Veterans can also use their other benefits to pay for assisted living costs in Stephenville.
For more information about different ways to finance assisted living, visit our Assisted Living Texas page.
Stephenville Home Care communities need to follow a comprehensive set of rules and regulations designed by Texas. These regulations ensure that the facilities maintain top-level and secure care services for seniors. For instance, the Home Care care facilities in Stephenville go through extensive training and education for the caregivers. This enables caregivers to be skilled and professional while helping seniors with their daily needs. Visit our Texas Home Care page to find more information on the state-specific rules and regulations.
Several government and non-profit agencies work together in Stephenville to provide seniors with more services. These services help seniors lead a better life in Stephenville. Depending on the Stephenville resources, they can include free meal delivery services, utility billing programs, medical programs, and others. Find out the available free resources for seniors from the Home Care Texas Page.
BoomersHub can change without notice any of its compiled cost data provided by senior living communities. This data is used for informational purposes only and may have inaccuracies. In addition, actual independent living costs may vary depending on personal choices and situations.