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Being a caregiver for an older parent or a loved one with disabilities in decline can be physically, emotionally, and mentally challenging. For these caregivers, the pandemic has fetched an additional worry that also weighs heavily on their shoulders. However, no matter what times we live in, we are ultimately forced to make some decisions for our own sake or in the name of the loved one we take care of.
Caregiving for a Loved One
According to The National Alliance for Caregiving and the AARP Public Policy Institute, it is estimated that around 53 million Americans provide unpaid care to an older person or a loved one with a disability per year. It can be a joy and a fulfilling feeling to take care of your loved one, whether older or disabled. Still, it can also be confusing, stressful, exhausting, and frustrating, especially during a pandemic. That’s why we’re going to focus on tips on making long-term decisions on their behalf and how to better take care of them.
Talk Before It’s Too Late
You need to prepare for the unexpected, so it’s better to have the financial discussion and cover other aspects like how they would want to be cared for and if they’d prefer to be placed in a nursing home in advance. While talking about these things with them can seem intrusive and difficult, it doesn’t have to be. For both now and the future, let your loved one know that it’s in their best interest to address these things now. Discussing these aspects when it’s not too late is healthier and allows you to make better decisions for both of you.
Be Prepared for Change
The most essential and challenging aspect of caring for a disabled person or an elder in decline is understanding and accepting change. Their moods, attitude, mobility level, personality, etc., may change drastically with time, and there’s nothing you can do about it. It’s crucial to comprehend that this is a normal process and will require a tremendous amount of patience.
Ask for Help When You Need It
Don’t be afraid to seek help from family, nearby relatives, or even consulting a caregiver to decrease some of your tasks. Numerous home healthcare companies offer respite care for families that need temporary assistance taking care of loved ones. There’s also the option of placing your senior loved one into assisted living — and if it’s a more suitable choice, you need to prepare yourself to make the decision. You need to be aware of the loved one’s insurance plans and whether they will cover the costs of an assisted living home or a retirement center. Even though many insurances pay for such a service, most do not, so you need to check it thoroughly before proceeding with the placement.
If your loved one is qualified for Medicare, the plan covers hospital and medical insurance, as well as drug insurance in some cases. On the other hand, Medicaid covers inpatient and outpatient hospital services, treatment services, nursing facility services, and more. Some alternatives seniors may have regarding financial assisted living or a retirement home include help from the state, the Veterans Administration (VA), some private organizations, non-profits, and other agencies.
Consider Home Selling
You can also consider selling your loved one’s home if you cannot cover the costs of a retirement home or assisted living facility any other way. When selling the house, make sure you seek help from an experienced real estate agent to make the process easier for you and your loved one. Also, look for the home prices in your area to know the market prices, put together the necessary documents, take photos of the home, and prepare your loved one emotionally. Thanks to the advancements in technology, buyers can now see the home without visiting in person by looking at video-chat tours and virtual open houses.
In a Nutshell
If you are a caregiver, you already know how overwhelming the task can be – emotionally and otherwise, especially if your loved one is in decline and you need to make some decisions on their behalf during a pandemic. However, following the above-mentioned tips will lessen the burden and help you come up with a great solution.
Special Thanks to June Duncan for writing the above article and sharing this good information with us here at MillsWay.com.
“The definition of insanity is doing the same thing over and over again, but expecting different results”. By Albert Einstein. I would also say the definition of insanity is believing you can live a financial responsible life without tracking how you are doing, having a budget and goals. I like following others who track their finances to compare our also. I enjoy helping people with their finances and goals.
We want to give our boys the best chance to have their money last them thru their retirement years and have them reach their Financial Freedom goals. They need to live somewhat with a frugal mindset and spend less than they make so they can Invest towards their Financial Freedom goals.
Here are some positive quotes I like;
“Get your Money to Work for You… As hard as You Work for it.” By Napoleon Hill
“1. Make Money. 2. Use the Money to Make More Money. 3. Repeat the Process.” By Warren Buffett
“There is no way to happiness; happiness is the Path.” By Buddha
“Change Your Thoughts – Change Your Life” by Wayne W. Dyer
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