Financing the Cost of Eldercare

Welcome to the Caregiver Information Series – an on-line publication designed especially for caregivers, offering important information to help families navigate the complex world of eldercare. This first issue is focused on an important topic affecting many caregiving families: how to finance the costs associated with long term care. The articles below were written by experts in the field and include insider hints, tips and advice related to financing the cost of care. We are pleased to offer this series as a benefit to your family as you seek to meet the needs of your loved ones. We hope you find it helpful!



Reverse Mortgages and Eldercare Services:
A Financial Choice That Can Keep
Mom and Dad Home for Life
By Valerie VanBooven, RN BSN

Eldercare is one of the most expensive purchases we will make in our lifetimes. Using reverse mortgage proceeds can help seniors pay for much needed care as well as additional services such as stair lifts and personal emergency response systems. When a caregiver is looking for ways to afford care for a loved one, using the home to stay at home may be the best option.
Click here for the complete article.

The Financial Impact of Eldercare Costs:
Caregivers Face A Tsunami of Decisions
By Valerie VanBooven, RN BSN

Helping a family member who needs eldercare services brings up a whole set of issues and questions that none of us as caregivers (or pending caregivers) are really excited about discussing. Bringing up financial issues is a touchy subject for most aging adults, especially when it comes to telling their children how well, or not so well they planned for a moment like this.
Click here for the complete article.

The Financial Impact of Eldercare Costs:
The Costs of Senior Housing Versus
Home Care
By Bob O'Toole, MSW, LICSW

As baby boomers age, and their aging parents increasingly live to age 90 and beyond, both caregivers and elders are faced with many, often-difficult decisions. One of the most common questions that arise when one or more parents becomes increasingly unable to care for themselves is "can't aging parents stay at home, or is it time to move to one of the many senior housing choices that become available in recent years?’.
Click here for the complete article.










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