Home Care, Loved Ones, Seniors
Some 57% of adult caregivers have reduced their work schedule, changed jobs or careers or otherwise adjusted their work lives to accommodate the caregiver demands on their schedule. David Wingate, a DC area based elder law attorney at Senior Life Care Planning, LLC wrote a blog post about this, and recently we at Warman Home Care thought was worth highlighting.
He brought together information from studies and professionals in this space that point out how adult children are grappling with new demands on their time and how most employers do not yet accommodate this fact of life. Mary Rose McBride, Vice President of Marketing and Communications for Lifespan, pointed out that we need to get to the point that employers appreciate elder care as they now understand child care issues.
As the population continues to age, these issues will only increase. Wingate mentions a growing scenario where adult children leave work and are compensated by their parents instead to act as a caregiver. But unless this relationship is formalized, the monetary “gift” can work very much against you: “The consequences are terrible for your parents, if they enter the nursing home, they will be penalized, that is denied Medicaid, for a time period, calculated by, dividing the amount gifted by $6800 (average cost of nursing home in Maryland).” Talk about unintended consequences! Find out more at Senior Life Care Planning’s blog.