11/01/19 Filed in: Caring For Parents
November is National Family Caregivers Month which means this is a good time to discuss the options available for your elderly parents long term care.
Don’t wait for an “emergency” such as a heart attack or stroke to decide what to do when your parents need long term care. When this happens you have to make the decision quick, usually in a few days, which doesn’t give you much time to decide what is best for your parent or yourself. Remember insurance does not cover everything which also means there could be a huge financial expense for you or your parents.
This is a good time to discuss with your parents what they want and need for their long term care needs. You need to find out if they have a plan for who is going to care for them such as assisted living, a private caregiver, staying in their own home, etc. or they might think that you might become their caregiver and want to move in with you in the later years. This all needs to be discussed before the “emergency” happens. You need to decide if you can become a caregiver due to the enormous amount of work and time that is involved. Becoming a caregiver is a life changing experience and can alter your lifestyle in many ways. If you have a family it can put more pressure on you as you try to care for children and your parents.
Financial pressure is also a major concern especially if your parents have little or no assets. Medicare, supplement insurance and long term care insurance does not cover everything, so some expenses will have to come out of your parents pocket or yours if they have no money. Another financial consideration is that if they have assets, what happens if they live longer and the money runs out, who makes up the difference? Where do they live if they no longer can afford assisted living? Financial aid programs might be available but what happens if they don’t qualify?
There are many questions that need to be considered when planning your parents long term care. That is why they need to be discussed before your parents have an “emergency” so you can learn what options are best for them and yourself. Since November is National Family Caregivers Month, this is a good reminder to start the discussion so you can be prepared for the “emergency” and not be blind sided by all the details that need a decision in a short time.
Thank you for your time and consideration.
Author-“You Got To Do What You Got To Do”
www.takingcareofaparent.comJames Colozzo is not a medical expert or professional and has no formal training or education on this subject. He is an average person that was given a challenge and had to deal with the situation. His experience comes from the over 20 years that he actually did all the work to care for his elderly parents and their medical conditions. Since every person, condition and situation is different, what Mr. Colozzo did to care for his parents might not be suitable for others. You need to partner with your physician to find what type of care is best for your situation.
Copyright © 2019 James Colozzo
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Tags: Aging Parents, Caregiving, Financial Cost, Long Term Care