Thursday, August 6, 2015

www.sperosfinancial.com Long-Term Care Tip of the Day!!



Long-Term Care, Steep Costs Even When It's 'Free'
Whether clients choose unpaid care or rely on it out of necessity, it's important to understand the hefty costs of such care. 

'PSYCHOLOGICAL BURDEN'


There are more than finances to consider: The silent costs are costs that go far beyond the financial costs of the actual care.

While families do incur financial losses by providing care, they also experience stress and emotional challenges. Around 88% middle-income people, ages 49 to 67, said that family care-giving was harder than what they had expected, according to the AARP study on valuing informal care. It required more patience, emotional strength and time than estimated.

Many people have the notion that a family member will take care of them, but that notion becomes very uncomfortable when you are talking about personal care like bathing or helping one go to the bathroom. That poses a physical and psychological burden.

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