The High Costs of Senior Care


Convincing an aging loved one that they could use a little (or a lot of) help in their daily lives isn’t always an easy task. Many times, they are proud, even stubborn, and they do their best to hide their struggles, having grown up during a stoic generation.
But waiting until something happens can often be detrimental both for their health and financially. For starters, it’s hard to get medical coverage to assist with activities of daily living, since that’s not covered by Medicare. So if a senior falls and needs rehab, or help getting around once they return home, that could amount to a huge out of pocket expense.

According to a report from the Congressional Budget Office as reported by Forbes, much of the burden falls to family caregivers.  The report also found that people under age 85 with limitations in three or more ADLs who live at home rather in a care facility receive an average of 9 hours of assistance per day. Those costs will add up quickly, thus depleting any savings the person has managed to put away. While long-term care insurance is an option, only about 3 percent of the population had it in 2011.

Have a conversation with your loved ones before something happens to have a plan of action in place.

SeniorLiving.Net is a free service for families to use that are looking for senior care or senior living for a loved one. Call (877) 345-1706 to speak to your local Care Advisor about senior care providers in your local area.