The Cost of At-Home Care vs. a Senior Residence

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My Care Finders

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Jun 20, 2024

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Florida - Sarasota, Bradenton & Charlotte Counties

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Our parents have always been there for us – so when the time comes to care for them, the decision on how to proceed can be heart-wrenching. There are many choices, ranging from becoming their caregiver to finding an assisted living or memory care facility. For many people, at-home care is the best solution for their parents. It is comforting to keep people you love with their family, or in a setting they find familiar. Most people also choose at-home care because they believe that it will be much more affordable than a senior residence. However, there are many variables to consider, and taking care of a parent at home may not be as economical as you assume.

We know that there is not one single “right answer” in these situations. While at-home care is the perfect solution for some families, it may not work for others. When determining the right course of action for your loved one, it is essential to weigh all the alternatives and make the best choice for everyone involved.

The Reality of At-Home Care

Choosing at-home care may seem like a natural option. You love your parents, and you want them to be comfortable and happy. However, if you have reached this point, it is likely that your loved one needs a caregiver – at least in some capacity. This means that either you need to hire a caregiver, or you will act as their caregiver.

Hiring a caregiver obviously costs money. However, there are often financial implications when you choose to be a caregiver for your parent, especially if you have to leave a job to do so. Additionally, implementing at-home care often requires specialized medical equipment and home renovations to allow senior adults to safely navigate their environment. These modifications may include installing bathroom grab bars or wheelchair ramps, transforming a downstairs room into a bedroom, or even widening hallways and doorways.

Key Takeaway: Whether they stay in their own home or move into yours, there are always expenses to cover as your parent grows older and their needs evolve.

The ongoing, day-to-day expenses often surprise those choosing at-home care. You may need to cover transportation costs for appointments, hire someone to perform regular home maintenance, or have meals delivered to ensure your loved one is eating well. Over time, these costs can add up.

The Cost of a Senior Care Residence

Assisted living facilities and memory care centers are considered to be expensive by most people. However, the all-encompassing approach to a senior’s lifestyle requires a different perspective to understand.

When you pay for these types of residences, it replaces a rent or mortgage payment. There is no more property tax bill or need for property maintenance or upkeep. There are many other services included in assisted living communities, such as:

Round-the-Clock Care and Medical Assistance: If a senior needs extensive supervision or care, these costs can become prohibitive at home. Assisted living facilities provide 24/7 access to professional caregivers who can immediately contact medical staff if necessary. This availability guarantees life-saving and timely attention during emergencies, regular monitoring of health issues, and accurate medication management.

Physical Therapy, Fitness, and Wellness Programs: Assisted living and memory care facilities often incorporate on-site physical therapy and wellness programs that cater to the needs of individual senior residents. These programs enhance physical health and wellness, which helps to support autonomy for as long as possible. Not only are these programs available, but your loved one will be encouraged to attend by a staff dedicated to ensuring they stay engaged and active.

Meals, Housekeeping, and Laundry Services: The all-inclusive nature of a senior residence is also inclusive of daily living requirements. Residents will enjoy nutritious, chef-prepared meals and no longer have to worry about shopping or cooking. They will also enjoy regular laundry and housekeeping services, which often need outside assistance when they still live at home.

Emotional Well-being: At-Home Care vs. Senior Residence

Beyond the financial aspects of senior care, assisted living facilities offer invaluable opportunities for seniors to maintain an active social life – making friends, enjoying hobbies, and pursuing interests. When all of the responsibilities of life are being handled, your loved one can truly enjoy their life and spend their days as they wish.

Organized Social Activities and Community Engagement: Contemporary assisted living facilities strive to provide a vibrant community where residents can participate in a wide variety of social activities and events. This access to an active lifestyle is often in stark contrast to the loneliness a senior living at home may experience. All of the activities they love – and all the people they meet – are on the same campus. For those who don’t drive or don’t want to ask for rides, this can make a radical difference.

Call My Care Finders For Advice

At first glance, at-home care might seem like the more caring or affordable choice. But there are many reasons why families also choose assisted living or memory care. Whatever your choice, we know it is the best one for your family.

My Care Finders was established out of a desire to provide professional and compassionate guidance for this emotional decision. If you aren’t sure about where to turn, call us today. We will listen to you, learn about your family, and provide resources and recommendations to facilitate your decision.

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