For many families, living with an elderly parent is an emotional and financial burden. These are some tips to help you prepare for this transition. Find out how much it costs to live with an elderly relative, what steps to take before you move in and what legal help is available for your parent. A home health care agency can be an invaluable resource in providing quality care to your parent. In addition, they are available to assist you with administrative tasks and financial management.
Living expenses for an older parent
In addition to the care of an elderly parent, caregivers also suffer from a loss in income, benefits, or personal expenses. A caregiver might need to pay for minor modifications to the home or travel to medical appointments. American AARP estimates that the average caregiver spends $3888 annually caring for an older parent. Some facilities charge pet fees, require a first month deposit, and may need additional supplies. Listed below are the costs associated with living with an elderly parent.
Costs for assisted living can vary depending upon the level of care needed by an older parent. Senior parents who require only light help from a personal assistant or home health aide may only require some assistance. An assisted living facility may be necessary for a senior who needs regular medical monitoring, or to perform daily tasks. Assisted living facilities often offer private rooms for each resident. Also, assisted living may cost less than senior living.
Here are some steps to help you prepare to live with an older parent.
Moving in with an elderly parent can be difficult. Here are some tips to help you make it smoother. These are the steps you should take before you move in. Be sure to examine your aging parent and check for any health issues. Refer to a primary care doctor for advice about the best foods and medications for them. Look into buying items like anti-slip and in-bed bathtub systems. You may also be eligible through Medicare for financial assistance.
First, ensure that your parent lives on the top floor. If your parent is still mobile, you don't need to install a staircase lift. You may need to create a spare room for your parent if they live on two floors. If your parent doesn’t have any bedrooms on the first floor of their home, consider converting a study/den into a room. If stairs are a major issue, consider installing a stair lift or ramp to make moving your parent easier.
Legal assistance for living with an elderly parent
There are many options for legal assistance when living with an older parent. They range from professional representation to free home visits. Attorneys can help you determine if your parent is eligible for Medicaid and how to make a living will or trust. A lawyer can help prevent future lawsuits. Attorneys also recommend that siblings make sure their roles are clear and have the proper documentation.
Power of attorney: A power to authorize a trusted individual to make financial decisions and take care of your parent's health. This can help you make life easier if your loved one is not able to make these important decisions. This power of attorney protects the rights of an elderly person and helps you avoid becoming confused about legal issues. It is an important tool for caregivers and can ease their minds during times of need.