Caregiving can impact us on many levels. Most significant is the emotional and the financial aspects of caregiving.
Here are a few of the “EMOTIONAL COSTS”:
- US Dept of Health and Human Services says Caregivers are at higher risk for stress-related illnesses, and their rate of depression is two times higher than the national rate, 67% of caregivers report not going to the doctor because family needs must come first, 51% reported not having the time to take care of themselves, and nearly the same amount said they’re too tired to do it, 53% state that caregiving has made their health worse, which also affected their ability to provide care for someone else.
- Caregivers worry they are not providing adequate care.
- Caregivers are stressed by demands of scheduling and transporting to medical appointments, providing meals, assisting with personal care needs. Often they do this at the cost of time with their own families or their jobs.
And here are some of the “FINANCIAL COSTS”:
- As per AARP, on average, family caregivers spend $6,954 in out-of-pocket (OOP) expenses. The report also found that family caregivers of adults with dementia reported nearly twice the OOP costs ($10,697) than those caring for adults without dementia. Long-distance family caregivers had the highest OOP costs at $11,923 compared with family caregivers living with or nearby their care recipients. Presumably this is because they must pay for outside services.
- In Westchester County, the average home health aide can cost $25/hr and up to $300 for live in care. Nursing home cost as much as $14,000/month
So how do we provide the needed care to our loved ones but avoid these pitfalls? Getting long term care services in place via NY State Medicaid program goes a long way to reducing the stress and the cost of care. Nothing will eliminate the emotional strain of watching an aging loved one decline. However, knowing you have access to the services needed to meet their needs and taking away the financial burden of this ongoing care is priceless.
Don’t assume you know what you can or cannot qualify for regarding Medicaid. Speak to an expert to determine what is the best long term plan for you and your loved one. Be an educated consumer. It may improve the quality of your life as well as your loved ones.
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