The Unexpected Price Tag of Growing Older

THE UNEXPECTED PRICE TAG OF GROWING OLDER 4 Costs That Catch Seniors Off-Guard 1. RETURNING ADULT CHILDREN • Economic downturn has left many young adults unemployed • Adult children may become financially dependent again 2. HOME REPAIRS • Older homes may require frequent repairs • Save money by downsizing or moving to a newer home 3. TRAVEL • Children and grandchildren may live out of town • Travel may be required to care for aging siblings 4. HEALTH CARE • Medication can be costly even with insurance • Assisted care may be needed due to a health problem • Hospital readmissions can be costly Spotlight on Assisted Care Needs 1. Reasons Seniors Need Assisted Care CHRONIC DISEASE DEPRESSION MANAGEMENT MOBILITY DEMENTIA ISSUES 2. Benefits of In-Home Care • Seniors get to stay in their own homes • Friends and family can visit anytime • Less expensive than nursing • Can be tailored specifically to each home care senior's needs 3. Services Provided by In-Home Care Aides DEMENTIA CARE DEMENTIA CAKE MEDICATION REMINDERS COOKING HOUSEKEEPING COMPANIONSHIP END-OF-LIFE CARE Visiting Angéls Infographic provided by: Visiting Angels Living Assistance Services www.visitingangelssanjose.com LIVING ASSISTANCE SERVICES Sources: http://businessdayonline.com/2014/06/unexpected-costs-in-retirement-2/#.U7P46Y1 dUUU http://business.financialpost.com/2014/05/24/parenting-your-parents-the-cost-of-ca ring-for-your-elderly-loved-ones/ http://www.ncoa.org/press-room/fact-sheets/economic-security-for.html http://www.visitingangelssanjose.com/services.aspx