Published On: Sat, Nov 9th, 2019

How To Care For Your Aging Parents From A Distance

Caring for your aging parents from a distance may seem like an unrealistic idea, however, for many people, it might well be their most realistic and optimistic course of action.

Sure, most of us would like to send our parents to the best caregiving facilities that money can buy, but in reality, what your money can buy might not be good enough to take care of both your parents’ needs and your own.

The fact of the matter is, caregiving at times may seem closer to luxury than to a medical service.

For example, in 2017, the median annual cost of putting a parent in an assisted-living facility was $45,000, whereas the median annual cost of a semi-private room in a nursing-home was a whooping $85,775, which is like a high annual income in itself.

The most achievable option is adult day care, which in 2017 cost $18,200 for a year on average and isn’t exactly cheap, either.

And when you consider that the average caregiver makes $35,000 annually, which even though would be more if caregiving was to be replaced by the caregiver’s actual job, still, it’s clear that for many people, personal caregiving is the only viable way to provide aging parents what they need.

If these numbers didn’t paint a gloomy enough landscape as it is, the number of insurers who offer stand-alone long-term care has plummet between 2000 and 2014, going down from 125 to only 15.

With all that in mind, caring for aging parents from a distance doesn’t start to seem like something that might actually work – it becomes something that has to work. And when we say caregiving, we don’t mean getting diabetic supplies every now and then, but most, if not all of the things, that this term entails.

Most Popular Posts

Recent Post