If your senior loved one is looking for care services, you may have to take on that financial burden yourself. Even if your loved one has insurance and some money saved up, the cost of elder care in Canada can be quite high. Before you take out another mortgage on your house or dip into your children’s college fund, there are ways to help with senior care without going broke. Our tips will ensure your loved one gets the care they need at a price that works.
Speak to your loved one and make a detailed plan of what they can afford and what you can afford before settling on care. Different people require different care and you may not need to hire a full-time caregiver for your loved one, or you may need to look into elder care facilities. Just because your loved one is getting older and isn’t as mobile as they once were doesn’t mean that they need to move into a seniors residence.
The federal government has programs available for seniors who require care. These programs range from Employment Insurance benefits for those who need to take time off work to care for an elder loved one, to available financial assistance for seniors who need to move to a caregiving facility.
Meet with your bank or an independant financial advisor and inquire about programs and loans available for senior care. You may be able to draw from existing funds like an RRSP or TFSA. Furthermore, your bank or advisor can steer you towards a loan that makes sense for your situation with more flexible options. You can also set up an emergency funds account to be used specifically for elder care to deal with unexpected costs that can crop up such as moving your loved one to a facility or hiring an overnight nurse.
If your loved one is looking to move into an elder care facility, they will probably need to sell their current home. Talk to them about using the proceeds from the sale of their home to pay for their care.
The cost of assisted living facilities varies from one place to the next. Before visiting with your loved one, check out the facilities on your own to ask questions about price flexibility. Then narrow it down to only the places you feel are affordable, clean and safe for your loved one. Now, when you bring your loved one to tour the facilities you’ll have a price point in mind.
We’re here to help! For more information about senior care for your elderly loved ones, contact us today.
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What Our Customer Are Saying
Mom mom just passed away. The team at C-care was like extended family to us.....Raymond in particular. He always answered the phone, regardless of the time or day. No answering machines! He made sure he understood our needs and sent the PSW with the right skill set, to meet those needs.
Mom had dementia. Even thru this past year with the challenges of Covid19, she always had a PSW that understood how to successfully handle someone with the unique needs that dementia brings. Now our needs have changed and we just require care for my dad. Raymond will re-evaluate how are needs have changed and ensure we have the best care money can buy. In my experience with 2 other agencies, C-Care is hands down a more nurturing, better accommodating, and more caring. Don't let fancy companies fool you!! C-care is the best!!
C-Care has supported the daily care of my parents in law for over 2 years. I have been impressed with the level of care, empathy and personal affection each care-giver has shown in support of my husband's ailing parents. I have personally interacted with several PSWs and I have felt they represented the highest level of professional and ethical behavior. I have professional experience of good hiring practices as a retired HR executive and I have been impressed with C-Care case management and patient care. Great management, great patient care professionals.
Our daughter underwent spinal surgery. When I spoke with Raymond at C-Care I was under a lot of stress, when we finished talking I felt I had chosen the right place for her support. Raymond handled everything perfectly, supplying us with excellent care, his staff at C-Care are the best! I recommend this company without hesitation. Thank you Raymond.
I can't speak highly enough of the people at C-Care. Raymond and his team are nothing short of super stars. Each and every staff member I connected with was incredibly professional, patient and caring. Raymond never disappointed helping to provide scheduling for both short and long term needs. I quite simply do not know how I would have coped without him and his team.
My father suffered from Parkinson's and dementia for several years and C-Care provided 24 hour in home care for the last two years of his life. Raymond, who is in charge of operations, is committed to ensuring every caregiver is a good fit for the families they support. We had a combination of full and part time PSWs taking care of my dad. They deserve more than 5 stars. They were all reliable, warm, professional and honest. I was so happy with the company, I employed their services again for an elderly gentleman under my guardianship who was still living alone in his home. They are extremely responsive and answer emails and phone calls 7 days a week late into the night.
We were extremely happy with the quality of the caregivers. Our father was hospitalized for a week and needed support around the clock at the hospital and for the first 2 weeks at home. Raymond and Lina provided excellent people who looked after our father competently but also with compassion and sensitivity. They were an important factor in his recovery.