For many people, having to support their parents when they become seniors is a reality, and unfortunately, something they don’t adequately budget for. Expenses for senior care services, such as a senior caregiver, accumulate quickly, which is why the staff at St. Charles Community in Covington, KY, recommend preparing now.

How to Plan for Senior Caregiver Services

1. Assess Overall Health

If you parents are at-risk of or are suffering from any long-term conditions, it can become a constant source of financial stress. Though it may be difficult to talk about, ask you parents about their health and what they anticipate for the future. Knowing how much care will be needed can serve as the foundation of your budgeting and planning.

2. Plan Living Options

Depending on the care needed, the cost of living options varies for seniors. Unless your parents intend on living with you, explore living arrangements you can financially plan for. Do they need a full-time senior caregiver, part-time at-home senior services, or independent living apartments? This all depends on their medical needs and what they prefer for their lifestyle. It’s never too early to start the discussion.

3. Explore Benefits

Many senior benefits are available to lessen the burden. Social Security, Medicaid, and other state and federal assistance programs are worth looking into. If you can anticipate your parents receiving a certain sum each month, you can plan your budget around it. Combined, these programs may be sufficient to give them everything they need without straining you financially.

The staff at St. Charles Community are dedicated to creating a welcoming, supportive community for seniors at cost-effective prices. They offer a variety of general and specialized senior caregiver services ideal for your loved ones. Call (859) 331-3224 today to speak with their staff and visit their website to learn more about what they offer.