When it comes to planning and investing in a loved one’s senior care, cutting corners in the process can sometimes result in disaster.
A recent look at this concept of “cutting corners” indicates that sparing on some of these expenses and planning details in the early stages can actually cost you a lot more money than what you save.
For example, if you are paying a family member or friend to help with family care, if these things are not well documented, there’s a good chance that this could impact someone’s eligibility for Medicaid later on. Current Medicaid rules state that there is a lookback period for money being given away. The time period will vary from state to state, but here in California, it’s currently 30 months. If it’s suspected that money was given away as a gift, eligibility could be impacted.
With things like this, it’s very important to consult an attorney if you have any questions. I’m not a lawyer, and the above story is anecdotal. Each situation is unique and working with an attorney when planning your senior care will ensure that issues like this are avoided long before they become a possibility. This is another example of how planning ahead and being thorough can help to make sure that senior care flows as well as possible for those that you love.
In other instances, you might find that going with the first care service that you find isn’t helpful at all. Your loved one might not get the assistance that they need, and they might be paying too much to get that help. A more thorough look at what’s out there can help to avoid this, and save money. The most expensive care isn’t always the best care for your family’s needs. Nursing homes are quite prominent, but they are expensive and not always the best fit for someone. In-home care is much cheaper and just as helpful for some.
No one wants someone that they love to get less than the best when it comes to something like senior care. Your older parents or grandparents deserve the very best. But the care system can be quite confusing at times. At other times, it’s completely overwhelming. This is one of the reasons why having a care team on your side that knows the system and knows how to get you connected to the right resources can be so important. You’re the expert of your family, but a care professional is an expert at the available resources that can help.
That’s why we’re here. Our team of professionals would be happy to talk more and help get you pointed in the right direction. Our consultation sessions are completely free and there’s never an obligation on your part. If you’d like to learn more about who we are and what we do, please don’t hesitate to reach out to us. Give us a call or send an email and one of our caregivers will get in touch with you to schedule time to discuss how senior care might benefit your family.
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