When a senior’s health begins to decrease, the children and close family are generally the ones who step in to help with care. The responsibilities may seem simple, but without assistance, the caregiver role can be overwhelming and expensive. Here are some of the hidden costs of being a family caregiver and what can be done to prevent these expenses.
Most family caregivers have to take leaves from their jobs or reduce the number of hours they work per week, which results in lost wages they need to be prepared for. If you’re unable to work and you don’t receive any financial support from other individuals, lost wages could cause you to fall behind on your bills. You may need to downsize or create a budget based on your current income to address the lost wages. You should also ask your employer if telecommuting is an option.
For many families, reduced wages simply aren’t a viable financial option, but they still want their loved one to be able to age in place. Living independently is important for seniors who want to maintain a high quality of life. For some, this simply means receiving help with tasks that have become more challenging to manage over time. Even when families have the best intentions, they may not have the time to provide the care their elderly loved ones need and deserve. If your loved one needs help for a few hours a day or a few days a week, reach out to Home Care Assistance, a trusted provider of respite care Rowlett seniors can depend on.
Out-of-Pocket Healthcare Expenses
Some family caregivers assume insurance will cover all of their aging loved one’s medical expenses. Failing to learn as much as possible about your loved one’s policy could be costly in the long run. For example, if your parent’s insurance provider doesn’t cover the costs of mobility devices, your family may have to pay for a wheelchair, cane, or stair lift. It’s best to ask insurance providers what’s covered in a policy, including such things as hospital stays and home care. This way, you can change insurance plans or find resources to prevent out-of-pocket expenses.
If your loved one’s insurance does cover home care, you’ll of course want the finest care available. When searching for reliable Rowlett elder care agencies, families want to know their senior loved one will be well taken care of. At Home Care Assistance, our expertly trained caregivers are available around the clock to assist with tasks around the house, provide transportation to medical appointments and social events, and much more.
Increased Utility and Food Costs
Sometimes family caregivers move their senior parents into their homes to make caregiving easier. With more people bathing and doing laundry, this could lead to higher water bills. The home needs adequate lighting to prevent seniors from falling, which could lead to higher electric bills. Cooking for another person could also lead to higher grocery bills, which many caregivers fail to factor in when they move their elderly parents into their homes. If the house isn’t senior-friendly, you’ll also need to make costly changes. To lower the costs, ask your siblings and other family members to pitch in more.
Lack of Employment Opportunities
Once you become comfortable with the caregiver role, you could try to work part-time and eventually work your way up to full-time hours, depending on your caregiving schedule. However, readjusting to the workforce is often difficult for family caregivers, especially if they haven’t been working for a few months or years. The market can become extremely competitive, making it difficult to obtain jobs that pay well. As a result, your financial stability may be at risk, which is why you should continue working or volunteering, even if you only dedicate one day per week to a company or organization. Continuing to work now could prevent you from missing out on good employment opportunities in the future.
Being the primary caregiver for a senior loved one can be incredibly rewarding, but it can also bring about unexpected circumstances that make it necessary to seek outside assistance. Seniors can face a variety of age-related challenges. Though some families choose to take on the caregiving duties, there may come a time when they need a trusted Rowlett senior care provider. Families sometimes need respite from their duties so they can focus on their other responsibilities, and some seniors need around-the-clock assistance that their families are not able to provide. Home Care Assistance is here to help. Home Care Assistance can be your trusted partner when you need help with the challenges of caring for your aging loved one. Call us today at (972) 722-7833 to learn about our high-quality in-home care services.