Planning for the care of elderly parents isn’t the most uplifting topic, however a discussion of such high importance has to occur as some point. Our bodies slow down during the aging process; and that can cause the most menial, everyday tasks to become incredibly trying and practically impossible to do. Luckily, a number of senior care concierge services exist to make everyone’s lives quite a bit easier. For those who are unfamiliar, senior care concierge services consist of varying programs and services that assist senior citizens with their everyday needs – ranging from feeding & bathing to assisting a relatively self-sufficient senior with simple dinner prep. However, like most things in the world, senior care concierge programs cost a pretty penny. So, one has to ask themselves: “How can we best preserve the nest egg while getting the best services possible?”
Senior Care Concierge Costs
Thankfully, it’s rare that one would be strapped down or locked into certain services; so it’s safe to say that you can “customize” a “plan” that works best for your budget. Essentially, your choices should be determined by a mixture of budgeting as well as need. According to A Place For Mom’s Elder Care Cost Comparison, In-Care Home Agencies average around $3, 360 to $5,760 – but you may just want someone around to help out when your immediate family is at work. Choosing an hourly option, you may find yourself paying significantly less. Another reasonable option would be Assisted Living Communities – which average around $2,174 a month. The only major difference between the two options is that one allows you hourly customization; whereas one is the equivalent of paying a month’s rent and requires the individual to move from their home into an assisted living community. A troubling lifestyle change for many.
Financing Options
Despite the cost of the aforementioned services being fairly high, there are financing options available to cover most, if not all of the costs. The most common financing options are provided by Government programs like Social Security, SSD/, and Survivor's Benefits. Depending on what type of services the senior is getting, their health insurance may also cover a bulk of the cost. Seniors also have the option of converting their unnecessary or unwanted life insurance policies into long-term care policies. Another common finance option utilized by many seniors are lines of credit for when your insurance and/or benefits haven’t “kicked in” yet.
Doing Your Research
Given these facts, it’s pretty obvious that senior concierge services are not that difficult to obtain on a specific budget. The multitude of service options and financial plans available has made the entire process of choosing long-term care incredibly easy. Whether you are just looking for light assistance with chores around the house or assistance with the most basic tasks, there’s something out there for everyone on any budget.
