Aging in Place on a Budget

Aging in place has many advantages so it is no wonder the option is becoming more attractive to seniors and their families. Unfortunately, many believe the option is too expensive. However, this may not be the case, especially if they consider the following.

Understanding the Basics

Aging in place will require the necessary home modifications to aid ongoing independence and/or mobility. Seniors will also require caregivers; some may need round-the-clock assistance while others will do fine with part-time caregivers. Assistive tools will also play a tremendous role in making daily activities easier to manage. These can be as simple as easy-to-use can openers or something to help get a can from a high shelf.

4 Ways to Make Aging in Place More Affordable

Those who fear they may be unable to afford aging in place can consider:

  • Making Home Modification in Stages

The level of modification needed will depend on one’s age, health and level of independence.  Regardless of the extent of the modification needed, gradually implementing the changes can make the process more affordable. First, do a complete plan to see what must be done. Then, look at the critical areas and list them in terms of priority.

Next, complete the list based on the prioritization and keep an open mind since adjustments may have to be made to the plan. For example, where the bedroom and bathroom are upstairs, it may be necessary to redesign a downstairs bedroom and bathroom until the necessary assistive technology can be installed to facilitate navigating the stairs.

  • Seeking Out Assistance

It is always best to look at assistance programs that can lighten the financial cost of aging, health issues and disability. While the program one qualifies for may not specifically address home modification, many services exist that can lower the cost of care. There are also several possible monetary benefits that can be applied for. The more assistance received, the more money saved. The money saved can then be used towards modification and ongoing care.

Possible assistance/benefit options include:

  • Working as a Team

Persons who choose to age in place but need round-the-clock care may find this too expensive to afford. Where help from family is possible, it is best to leverage this option then hire part-time professionals to supplement the care regime.

  • Using Cost-Effective Alert Devices

Seniors who live by themselves can reduce the cost of in-home care by using alert devices instead of having someone who is constantly there. As such, consider finding an affordable personal alarm or medical alert system. This may not only be more affordable than hiring someone to come into the home, it also provides seniors with the opportunity to retain their independence by facilitating their decision to continue living alone.

It is best to speak openly with an expert on aging in place to understand the full scope of what needs to be done. After gaining a complete understanding, the necessary plans can be put in place to ensure the transition is as smooth and affordable as possible.

Posted by editor on Tue, 21 Jul 2015 16:07


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