If you are considering home care assistance for your mom or dad, you probably have thought about your parent’s needs and most likely are overwhelmed. Most adult children find this to be a challenging stage in both their parent’s life and theirs even if they believe they have discussed the situation and made decisions as to how they will provide for their mother or father. However, understanding the care options for your elder parent can be very confusing. Identifying costs and how they will be paid may startle you.
What is Home Care Assistance?
Home care assistance provides your mother or father the opportunity to age in place, at home, among their lifelong belongings. Your parent may only need non-medical home care assistance to support them through the aging process.
How to Pay for Home Care
If your mom or dad worked and utilized a retirement plan, they may have a pension or retirement fund that may provide them with some additional support in conjunction with their Social Security. At the age of 65, they are eligible for Medicare, which will cover many of their health issues. However, just like any insurance plan, nothing is covered one hundred percent and that includes home care assistance.
You and your family members or even others in the community may provide your mom or dad with the assistance they may require such as running errands, transportation, companionship, meal prep, and minimal personal care. However, if and when the time may come that your mother or father needs a 24 hour caregiver these costs are out of pocket expenses that either your loved one will have to pay or will need you to help them with financially. Long term care insurance can also be purchased to help cover costs for these types of services. However, this kind of coverage can be expensive and should typically be purchased before it is needed.