The cost of home health aide services increased by 6.7% in 2016, according to the 2017 Genworth Cost of Care study.
 
The rise in cost is part of the second highest year-over-year increase for home care since the study’s inception in 2004, according to the study.
 
Homemaker services also saw a 4.75% increase in cost for the consumer, the study shows.
 
For years the cost of home care has been fairly stable, but over the past few years that has changed.
 
"That's due to an increase in labor costs, caused by a shortage of caregivers, increases in minimum wages in some states, and new health insurance and overtime requirements on the part of some providers," Noreen Guanci, CEO and co-founder of Long Term Solutions with Genworth, said in a release.
 
For further analysis and expert input on the study, check out the November issue of Private Duty Insider.