Making Room in the Budget for Senior Care in Gilford, NH
Making Room in the Budget for Senior Care
Senior care can seem quite expensive. This is especially true when the need for care comes suddenly. At Visiting Angels, we do all that we can to work with you in order to stay within your budget while providing high quality care for you and your family. This includes giving you the opportunity to personalize your loved one’s care plan. If you’re interested in learning how to plan appropriately for your loved one’s senior care, read below.
- Plan Ahead
As your loved one begins to get older, it’s important to start saving for the home care solutions that they may need in the future. Many employers offer a Health Savings Account (HSA) or a Flexible Spending Arrangement (FSA). You can claim a tax deduction on the savings that you’re making, and you can also earn tax-free interest. Sometimes you don’t have the opportunity to plan for events like this, but if possible, the best time to start saving is now.
2. Use Your Health Benefits
If your loved one has an insurance plan, use all the benefits that the plan offers. Take them to routine health checks. Getting a routine health check ensures that if your loved one has a problem, it can be treated proactively. If your insurance plan offers free or discounted benefits on services such as gym memberships, use those as well.
3. Be Conscious of Your Spending
Reevaluate the purchases that you make throughout a week. Recognize which ones are essential and where you can cut back. Minimize excess spending and put that money towards saving for home care solutions for your loved one.
4. Start Planning for your Own Future
While your immediate need may be to cover costs for mom or dad, think about how you can help your children in the future. Planning for retirement is essential and can decrease stress down the road for your loved ones. Be sure to evaluate your options to save adequately as it will improve the quality of life all around for both you and your family.
Learning how to pick the right health care for you, your loved one, and your budget can be confusing. At Visiting Angels, we completely understand where you are on your home care journey and that each journey is unique. If you’re interested in learning more about Visiting Angels and creating a plan that fits your budget, be sure to call our offices and set up an in home visit where we can work with you to plan a customized solution that works for your family.