Planning Ahead for Elder Care

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In this presentation on planning ahead for elder care, Tom Knox, the founder of CareFamily.com, discusses how the family can better be prepared for the future as their parents or elderly loved ones age.

In this presentation, you will find information about how the family can develop financial plans and organize the home for future care. Tom also talks about how the family can discuss possible options for senior care, including nursing home care or in home care through an agency or company like CareFamily.

Visit our resource site at info.carefamily.com to find more helpful tips for the family concerning senior care.

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Planning Ahead for Elder Care

  1. 1. Preparing and Planning Ahead for Elder Care Presented by: Tom Knox December 19, 2013 CareFamily.com
  2. 2. Does your loved one need care?  What are some signs to look for? • Short-term memory issues • Hygiene • Proper nutrition • Disorientation CareFamily.com
  3. 3. If care is needed, when and how to begin?  Having a real conversation • Family: Decision-makers  What are the goals? • Keep loved one at home? • Move to independent living facility, or assisted living facility? • Care requirements? CareFamily.com
  4. 4. Steps in Planning Ahead for Care  What is the budget? • Short-term and long-term scenarios • Resources o Dictate possibilities o Medicaid?  Research • Online o Geriatric Care Manager o Home Care Agencies o CareFamily.com CareFamily.com
  5. 5. Building a Support System  Three groups • People that give you a specific time o Ability to plan around • As needed o May be a good back-up option • Drop-Ins o Excellent for senior socialization CareFamily.com
  6. 6. Building a Support System  Great types of people to include • Family • Neighbors • Church • Doctors, Therapists • Caregiver CareFamily.com
  7. 7. Preparing Financially to Pay for Care  Get a realistic picture of the financial situation  Position Your Finances • Do not overspend • Make sure large loans are paid off • Make sure you are saving  Don’t quit your job just yet • Losing your normal income • You may not be the best caregiver option CareFamily.com
  8. 8. Preparing Financially to Pay for Care  Have the Talk • Understand what the senior wants o Legal items o Money for care?  Do Your Homework • Research ALL your care options o Gradual  Consider In Home Care • Could be more affordable • Relieve stress CareFamily.com
  9. 9. Financial Resources  Long Term Care Insurance • Specialized for these events  Reverse Mortgages • Equity to fund care  The Government • Medicaid • Veteran’s Aid and Attendance Benefit A great free download: “5 Ways to Save Big on Senior Care” Info.carefamily.com
  10. 10. Our Story … Your Story “ My beloved grandmother was neglected in a facility. It inspired me to start an agency that successfully hired and cared for thousands of seniors at home. I have realized that there are great caregivers who want to build their careers at a livable wage. Our goal is to provide you great career options with the best families in America.” - Tom Knox, Founder Held by my great grandmother … 5 Generations of my family. CareFamily.com
  11. 11. Visit us at: www.CareFamily.com

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