From physical therapists to visiting nurses, a host of professionals can facilitate the comfort of remaining in familiar surroundings.
With the aging in place option, it is important to understand the resources such as caregivers and service workers that may be available to you.
When it is time to bring in help to the household because a loved one’s health and mobility has declined, a geriatric care manager may be extremely beneficial to the process of researching, finding and securing support. Geriatric care managers are specifically trained to conduct an assessment of an individual’s current health and status to determine appropriate solutions for care. The cost of a geriatric care manager ranges from $50 to $200 an hour.
A homemaker can assist with light household duties such as laundry, meal preparation, general housekeeping and shopping. Homemaker services are directed at maintaining one’s household and helping with daily chores, rather than providing hands-on assistance with personal or medical care. The national median annual rate in 2019 for homemaker services was $51,480, with a median hourly rate of $22.60.
A home health aide can provide more hands-on care and will typically assist with basic health-related tasks such as getting out of bed, bathing, dressing and feeding. The national median annual rate in 2019 for home health services was $52,624, with a median hourly rate of $23.
A visiting nurse can offer skilled nursing care and may assist with items such as taking vital signs, addressing ongoing medical conditions, administering medications, treating wounds or bed sores, changing catheters and performing other medical services.
A physical therapist can help individuals as they are recovering from surgery (e.g., a knee or hip replacement) or a major health event (e.g., a stroke). Physical therapists are focused on strength and mobility and trying to help individuals stay as healthy and independent as possible.
An occupational therapist works with clients to help them achieve a fulfilled and satisfied state of life through the use of purposeful activity or interventions designed to achieve functional outcomes that promote health, prevent injury or disability, and help develop, improve, sustain or restore the highest possible level of independence.
Speech-language pathologists (sometimes called speech therapists) assess, diagnose, treat, and help to prevent communication and swallowing disorders in patients. Speech, language, and swallowing disorders result from a variety of causes, such as a stroke, brain injury, hearing loss, developmental delay, a cleft palate, cerebral palsy or emotional problems.
Caregiving for an older adult with chronic illness can be taxing and absorb a considerable amount of time and energy. For those who work or are responsible for the full-time care of an older adult, juggling can be difficult. Adult day services are designed to give caregivers respite by providing a safe and friendly environment for the older adult. In 2019, the national median annual rate for these services was $19,500, with a median daily rate of $75.
Source: “Genworth 2019 Cost of Care Survey”
This content was created and distributed by Legg Mason Global Asset Management. Raymond James is not affiliated with Legg Mason Global Asset Management.