Health & Fitness
A Solution to the Staggering Cost of Senior Care
Are you overwhelmed with the staggering cost of senior care? Our article offers a cost-effective solution.
The number of people caring for senior loved ones has more than tripled in the last 15 years. If you are a caregiver, you are not alone. Nearly 10 million people over the age of 50 are caring for their aging parents (source)/ https://www.metlife.com/mmi/research/caregiving-cost-working-caregivers.html#key%20findings. As a society, we are living longer, with approximately 6 million in the U.S. over the age of 85. The cost of caring for a senior loved one can be staggering. Many times, caregivers, especially women, are faced with the difficult decision to quit working due to the responsibilities of care giving. According to the MetLife report reference above, lost wages and lower wages upon returning to work after a five year period of care giving can equal approximately $143,000. Lost pension/social security benefits can roughly double that amount. The alternative is to find care for a senior loved one, but many times, the cost is prohibitive. The national average for senior care is listed below (source):
Type Average Annual
Nursing home: private room $239/day $87,235
Nursing home: semi-private $214/day $78,110
Assisted living $3,477/mo $41,724
Adult day services $70/day $18,200
Bon Vivant Adult Day Club $67/day $17,420 (less than the national average)
Adult day services allow a client to live with a care giver and receive the care they need during the day while their caregiver works. The cost is less than half of assisted living and less than one fourth of the price of nursing home care. Payment options include Missouri Aged and Disable Waiver, long term care insurance, veterans benefits and private pay. Bon Vivant Adult Day Club is the premier adult day club located in Fenton, Missouri. Angela Denicola, RN, BSN is the owner and on-site director of Bon Vivant Adult Day Club. Her passion for caring for the senior population is unmatched in the industry. She has dedicated her life to ensuring that seniors enjoy good living longer. Bon Vivant Adult Day Club is licensed by the State of Missouri and welcomes the opportunity to meet with you and your loved ones to answer your questions about adult day care. Please feel free to visit the Bon Vivant website at www.goodlivinglonger.com or call Angela at 636-343-1600. Follow Bon Vivant on Facebook and Twitter.
Article by Beverly McKee