Financial website Money Wise recently published an article that specifically detailed the benefits of hiring home health care aides. This simple blog provides insight into how various media outlets and other publications are beginning to view home care options.
In the past, home care may have been viewed as a liability but today it is becoming more integral in sound financial planning for retirement. As the topic of home healthcare gains more traction and attention and demand for these services grows among aging and disabled adults, financial advisors have tuned in to the fact not everyone has the right information about how to actually hire home care or even plan financially for it.
As noted in the Money Wise blog, How to Hire a Home Health Care Aide, written by Esther Trattner:
“Each person requires a unique amount of assistance, or level of care.
For example, your dad may need help only with routine day-to-day things, such as bathing, dressing, cooking and running errands. In this case, you can hire a personal care aide to assist him.
But if he needs help with both daily life tasks and specific help functions — such as taking his medicine, checking his blood pressure, helping with his oxygen or other medical equipment, and doing therapeutic exercises — a home health aide would be a better option.
Finally, you’ll need to decide how much time you’ll need the assistant to put in, from just three mornings per week to full-time care.”
As people live longer and prefer to age in place, it becomes essential to consider the prospect of requiring home care as a part of sound future planning. Unfortunately, there is evidence that the majority of Americans will not have enough money saved or invested to live comfortably throughout their retirement years.
In fact, 78% of full-time working adults in the United States right now are merely living paycheck to paycheck (CNBC). That doesn’t provide any opportunity to truly save and plan ahead.
When a person reaches an age when they can no longer maintain Activities of Daily Living (ADLs) safely, they will need some level of assistance. As the nuclear family has disintegrated and adult children move away and live in other states and even other countries, these aging seniors may not even have family to whom they can turn for help during their Golden Years.
Planning ahead is important, but as this referenced article also highlights, it’s essential to understand how (what to look for) to hire home care support.
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