Why Active Access
A Rapidly Aging Population in the United States
The United States is facing an unprecedented demographic shift. Millions of Americans are transitioning into retirement each year.
According to the U.S. Census Bureau:
- 12,000 people will hit retirement age (65) each day
- By 2030, all Baby Boomers—an estimated 73 million people—will be 65 or older, making up nearly 20% of the nation’s population
- By 2050, the number of Americans aged 85 and older is projected to more than double, from 6.7 million in 2020 to 14.4 million
What does this mean?
Healthcare Costs will Increase Rapidly
As demand for home care services, home health aides, and assisted living facilities will outstrip supply, the cost of these essential services is expected to rise significantly.
The Cost of Care Over the Last Decade
According to Genworth’s 2023 Cost of Care Survey:
- The median annual cost of home health aide services is $62,760
- The median cost for assisted living facilities is $57,000 per year
These costs have been steadily rising over the past decade, and as more Americans require these services, prices are expected to continue climbing.
The Caregiver Shortage and Climbing Prices
One of the key drivers of increasing costs of home care is the growing shortage of caregivers.
The Bureau of Labor Statistics projects that the demand for home health aides will grow by 33% by 2030. Yet, the number of available caregivers is not keeping pace with the demand, leading to higher costs for care services.
The Financial Impact on Families
As the cost of home care care rises, families will be faced difficult financial decisions.
The choice between in-home care, assisted living, or nursing homes will become increasingly challenging as prices soar. Without adequate planning, many families may find themselves unable to afford the level of care their loved ones need.
This is How Active Access Can Help
We understand that one of the greatest challenges a family and their loved one will face is the daunting cost of trusted and affordable home care or an assisted living facility.
With our mobility and accessibility solutions, we offer multiple solutions to bypass the astronomical prices of assisted living or in-home care and enable your loved ones to stay in the home they love.
Choosing Active Access means making a smart investment in your family’s future. The cost of installing our home mobility solutions is a fraction of what you might pay for assisted living or nursing home care. With our products, you can extend the time your loved ones spend at home, surrounded by the memories and comforts they’ve built over a lifetime, while easing the financial burden on your family. Our expert team ensures that every installation is tailored to meet your loved one’s specific needs, providing peace of mind that they are safe and well-cared for at home.
