According to a study conducted by the Alzheimer’s Association, nearly 90% of seniors choose to age at home; however, suffering from dementia can pose some difficulties for them and their family members.
Suppose you or a family member has been recently diagnosed with early-onset Alzheimer’s, and you’re considering at-home dementia care. In that case, it is essential to factor in all the costs of this type of treatment. The average cost of in-home dementia care can vary widely depending on the condition and requirements of the senior citizen.
The in-home dementia care costs are expected to rise as the number of Canadians living with Alzheimer’s disease, and other forms of dementia is estimated to reach 1.4 million by 2031. Due to this rise, it is difficult for families caring for their loved ones at home with these diseases, especially if they live in a province that does not offer adequate coverage.
Additional expense should be expected if you decide to hire an in-house health aide with dementia-specific training and certifications. They are professionals with unique skills and prior experience in caring for dementia patients. They provide day-to-day care to people, such as bathing, dressing, and administering medications.
In-House Dementia Care Costs
The cost of live-in dementia care is lower than institutionalized care. A study conducted by CIHI (Canadian Institute for Health Information) estimated that the average daily price of a home health care worker is $68; this compares to an average of $191 per day for someone living in a residential facility.
Keeping people with dementia out of institutions is increasingly recognized as a key policy objective by governments across the country. For those living with the disease, the ability to remain at home can be a significant factor in their quality of life and that of their family. However, for families caring for a loved one who has been diagnosed with dementia, it is often not financially feasible to arrange for in-home care without support.
The Alzheimer’s Association breaks down the average costs for dementia care into four categories: health-related expenses, informal caregiving, lost income, and miscellaneous fees. Here is what you can expect to spend.
· Health-Related Expenses
This category includes out-of-pocket healthcare expenses for your loved one with dementia, including insurance deductibles, expenditure for prescription medication, Medicare premiums, and noncovered services like long-term care. These expenses can be as little as $3,000 annually or as much as $12,000 or more, depending on how advanced your loved one’s dementia is and how much ongoing healthcare they need. The Alzheimer’s Association also lists adult day services and full-time adult care at a residential facility among the many health-related costs.
· Informal Caregiving
Informal care costs add up quickly when factoring in transportation, meal preparation, and respite care. The Alzheimer’s Association estimates that you will spend about $18,000 annually on these expenses for a person with dementia. Depending on the type of dementia your loved one has, they might need assistance with meal preparation and getting dressed or require around-the-clock personal care.
· Lost Income
It’s essential to consider your financial losses when it comes time to pay for dementia care. If you’ve had to take a leave of absence from work to give round-the-clock care to your loved one with dementia, you’re losing money that you usually would have earned. If your loved one was once able to live independently, it might have taken years off of your working life. The financial toll on caregivers adds up quickly — the Alzheimer’s Association estimates that informal care costs for dementia are more than double the average annual salary in Canada.
· Miscellaneous Expenses
The cost of dementia care varies widely depending on several factors, including your senior’s location, their activities, and the type of care. Of course, these variables can be influenced by you as well. For example, if you’re paying for respite care, that’s an additional expense to consider. Also, if your loved one is in the later stages of dementia, they might require an adult diaper GPS tracking device and advanced medications.
The Alzheimer’s Association estimates that miscellaneous expenses can add another $3,000 to $4,000 each year. This includes costs like personal care items, medical supplies, safety-related fees, and adult day care services.
Manage at-Home Dementia Care
Often, family members must take time away from their jobs to provide in-home care for a loved one who has Alzheimer’s or related diseases. This can cause difficulties for both families financially as well as emotionally.
CircleOf, Inc. understands the complexity of managing at-home dementia care and explores an innovative approach to care management for people with dementia living at home. We support family caregivers in providing quality care for their loved ones while maintaining independent mobility and safety in the community. CicrleOf app popular features include:
· Organize care and get extra encouragement and support from a network of friends, family, and professional caregivers.
· Manage caregiving tasks in one place using the task management feature. It allows you to keep track of doctor’s appointments and daily to-do checklists.
· Collaborate with group messaging for better and more simplified communication with friends, family, and professionals.
· Connect instantly with free video calls to share smiles and virtual hugs while you’re away.
· Find out when things change by keeping everyone in the loop for any activities and receiving support in real-time.
· Discover personalized resources to learn new things like caregiving tools and updates.
The CircleOf app is a revolutionary solution to organize and simplify caregiving. It allows you, as the caregiver or person in charge of looking after family members’ needs – from grocery lists to medical records-to share information securely with others to assist when needed without worrying about forgetting anything important themselves!
At CircleOf, Inc., we don’t want you to do it alone! Download the app and create a circle for support and on-demand care communities during challenging times!