Many American adults today are facing the reality of caring or having to care for their aging parents who are no longer capable of living an independent life. Many are worried about what they can do to ensure that their parents may receive the kind of care they need at this point of their life, but few know what to do about getting care. So, if you are in this situation, it may be comforting to know that you are not the only one facing this challenge. According to recent statistics, “the oldest-old population (those age 85 and over) grew from just over 100,000 in 1900 to 5.5 million in 2010” (AgingStats.gov). There are millions of others like you thinking about how to get the best care for their aging parents and wondering how to do so at an affordable cost.
Without a doubt, the costs of healthcare these days can be crippling. And sadly, the hope of having these costs adjust favorably may be bleak. In spite of health care reforms, there is no guarantee as to whether or not they will work out well for American citizens or not – and this leaves you with the only option of working on your parents’ healthcare requirements using your own resources.
The Difficulties of Healthcare for Elderly Parents
The difficulties that your parents are experiencing as they feel the pangs of aging may be as overwhelming to you as them. The added stress you are feeling about having to provide them the best help they can get makes the situation even worse. Their health issues, along with the inconveniences of possible incontinence and inability to perform their daily tasks, like dressing, bathing, and cooking, call for your immediate attention. Adding this urgent need to your own scheduling requirements to look after them as they progressively need more care, adds significant angst to you and your family. What options do you have?
The Common Response
The most common response in this kind of situation would either to admit your parents to a full-time nursing home, or an assisted care facility if you can afford it. Though these options may be plausible, they may not be the most practical choice if you are considering your long term financial future.
To begin with, long-term outlay costs may be burdensome for you and your family; you may have other fiscal obligations, such as having to provide for your spouse and children, and your own daily living expenses. On the other hand, nursing homes and assisted care facilities may also be equally as expensive, with the costs estimated at up to $80,000 annually (CNN Money, 2013).
In-Home Care Options
Hiring your own In-home caregiver, on the other hand, may be a more practical choice. Unlike the other more common options, having this kind of care for your aging parents may mean not having to spend as much money while getting the same or better assistance they require and deserve.
These non-medical, private pay or personal care professionals, or caregivers, can do anything from preparation of meals, to bathing and grooming, to even administering intravenous medications. Depending on their specific qualifications, they may also offer other services as that your parents may need now or in the future. The cost savings of hiring an individual caregiver can be substantial, sometimes less than half the expected cost of a nursing home facility. The advantages of having a caregiver for your parents may be the best choice you make for them; and for yourself as well.
When hiring your own caregiver, you should look at companies like Well Beyond Care. Well Beyond Care offers an online caregiving matching application and more. While most in-home care is provided by private duty agencies, Well Beyond Care teaches and guides a Careseeker (a senior or their children) on hiring their own caregiver. Compared to traditional Private Duty Agencies, families can save $10K to $30K per year, and caregivers make an additional $3 to $4 per hour extra using our on-line service. The Well Beyond Care system, combines the best in caregiver hiring (matching, screening, ratings & background checks) with all the back-office functions (verified time worked, payroll, scheduling, and documentation) to insure safe, reliable, dependable, affordable care is obtained. Each careseeking member has access to their own local, personal nurse navigator to help guide them and give advice on healthcare options. An user friendly, free service, the Well Beyond Care system wants to make sure that there is a rightness of fit in the Care-Pair by empowering caregivers and those looking for care.