It is often assumed that money can be saved on health and nursing services for seniors by having them cared for at home.
There is logic to this.
It is possible that family members will chip in and assist with housekeeping and supervision, and home health care agencies could be hired to provide necessary services family members are not equipped to do.
While this could work to be a less expensive option than residential assisted living or nursing care, there is still going to be cost involved.
One would also need to consider if this is a feasible option for the unforeseeable future.
For instance, would there be a family member available to take off work at any given time to tend to the needs of an aging family member?
Will this person have the capabilities to handle care if it becomes a long term situation?