For many seniors, assisted living communities and nursing homes are not desirable, which is why many prefer to continue living in the comfort and familiarity of home. Still, to remain independent at home, modifications are usually necessary. These adjustments may include changes in the home itself, from bathroom remodels to the addition of ramps, as… Read more »
Posts Categorized: Financial Obligations
While the care of parents or other senior loved ones is the ultimate priority, the cost of the care they require is often a close second. The good news is that home health care costs considerably less than the cost associated with nursing homes or assisted living facilities. So, how much does home health care… Read more »
When someone thinks about home care, they assume home care and home health care are one in the same, but that is not the case. Below is a side-by-side comparison of these services.
In 2004, the American Society on Aging sponsored a study to evaluate the financial knowledge of Americans age 50+, which included a survey of three simple yes/no questions that assessed the knowledge of the respondents on concepts such as inflation, risk diversification and interest rates.*At that time only one third of respondents could answer all… Read more »
While quality of life and quality of care are always priorities when researching long-term care options for seniors, cost is inevitably a factor. Costs of in-home care are determined on a case-by-case basis. Factors include your family member’s abilities, needs and desires – plus the needs and desires of other family members – which means… Read more »