The Rising Cost of Elder Care
November 28, 2023
POSTED IN: Long-Term CareTAGS: Aging, Caregiving, Elder Law
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The aging population is growing at an unprecedented rate worldwide, and with it comes a rising demand for elder care services.While providing the best possible care for aging loved ones is a top priority for many families, the rising cost of elder care can be financially devastating.Elder care costs encompass a broad spectrum of services, including in-home care, assisted living facilities, nursing homes, and memory care units.Why are costs rising?Labor Costs: A significant portion of elder care expenses is dedicated to paying caregivers and healthcare professionals.As the demand for these services increases, so do wages and salaries, which subsequently drives up the overall cost of care.Specialized Care: Seniors often require specialized care for chronic conditions such as dementia, Alzheimers disease, or other age-related illnesses.
The specialized training and resources needed to provide this care come at a premium.Regulatory Compliance: Compliance with government regulations and standards for elder care facilities can be expensive, and these costs are often passed on to families.Facility Upkeep: Maintaining the facilities where seniors reside, including building maintenance, renovations, and utilities, also contributes to the overall cost.Medication and Medical Equipment: Many seniors require medication, medical equipment, and supplies that can be expensive and not always fully covered by insurance or government programs.Financial Ruin Looms for Many FamiliesAs elder care costs continue to rise, many families are grappling with the harsh reality of potential financial ruin.Draining Savings: Families may be forced to deplete their savings, including retirement funds, to cover the costs of elder care, leaving them financially vulnerable in their later years.Caretaker Burnout: Some family members take on the role of primary caregiver to cut costs, but this can lead to caregiver burnout and loss of income due to reduced work hours or quitting their jobs altogether.Tapping into Home Equity: Some families resort to tapping into home equity through reverse mortgages or selling their homes to finance elder care expenses, potentially leaving them homeless or with inadequate housing options.Reduced Quality of Life: Families may find themselves cutting back on their own necessities, such as education, vacations, or home improvements, to allocate more resources to elder care.How can families cope with the rising cost of elder care? Next week, our blog will continue this theme and explore strategies for coping with rising elder care costs.A recent New York Times article explores the significant challenges families,facing the grim possibility of financial ruin, must manage.It is crucial for families to proactively plan for the financial aspects of elder care.
A Certified Elder Law Attorney can help you explore all the available resources and support.Call the experienced team at Hurley Elder Care Law at 404-843-0121, to figure out how to best pay for the care your loved one needs
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Posted in Long-Term CareTags: Aging, Caregiving, Elder Law
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Client TestimonialsAll I can say is Wow ! I have never seen a team attack and solve a problem like Hurley.We lost our father and two weeks later our mother suffered a severe stroke.Nursing home costs were draining their life savings, but Hurley found a solution and got things under control.Gary G.Superb service through a difficult maze of governmental regulations and requirements which are not navigable by an individual without a depth of knowledge that far exceeds mine.Wallace M.Due to aging, escalating health and cost concerns for both my husband and myself, I chose to work with Hurley Elder Care to do care and estate planning.
I am so very pleased with the result.I have a much improved understanding of the complexity of this process, the necessary documents, timing, regulations and the need for professional guidance.Gina M.Hurley Elder Care Law went to work for my Mother and navigated all of the Government red tape and got her approved for Medicaid in short order.I, as her POA, could not even begin to climb the mountain of paperwork on my own.David Q.Very comfortable atmosphere.
They treat you like you are one of the family.Val B.It's impossible to accurately describe the lost feeling of realizing you need power of attorney, updated will and general guidance all of a sudden when dealing with a parent with dementia.The firms responsiveness has been superb, their work flawless and their advice kind, compassionate and professional.I'll forever know that their guidance prevented us from making many bad decisions.Neal R.
I hired Hurley Law because my research showed that they were the most trusted elder law group in Atlanta.
Danielle...read moreI hired Hurley Law because my research showed that they were the most trusted elder law group in Atlanta.Danielle did not disappoint; she was compassionate, hard working, and ultimately won the dispute on my behalf.
Great work, Danielle! read lessTony Nettleman9/19/2023The team at Hurley are amazing.I was frankly astonished at the results they were able to provide for...read moreThe team at Hurley are amazing.
I was frankly astonished at the results they were able to provide for my elderly mom.I wholeheartedly recommend Hurley Elder Care Law! read lessSid Stephens8/07/2023My family is so thankful we found our way to Hurley Elder Care.We initially met with them just to...
read moreMy family is so thankful we found our way to Hurley Elder Care.We initially met with them just to discuss updating my parents legal documents.Mom has dementia and she still held my dads health care power of attorney.
Miles Hurley is a wealth of knowledge and opened our eyes to ways to protect my parents assets as well as getting mom approved for Medicaid so in home services can be provided to assist my parents.We worked closely with Paul to provide all the needed documents.His knowledge and patience were appreciated every step of the way.
Nicole was also a wealth of information and always available to answer questions and assist us.There is no way we could have navigated this process without Paul and Nicole! read lessCathy R.8/01/2023I chose Hurley Elder Care based on all the positive customer reviews and I am so glad I chose them....read moreI chose Hurley Elder Care based on all the positive customer reviews and I am so glad I chose them.
They are experts in their field and made the Medicaid process stress-free.Prior to partnering with Hurley Elder Care I wasn't getting much sleep due to all the unknown.Kaila Crowder and Nicole Lott were amazing! They were there every step of the way and now my grandma is on Medicaid! I highly recommend Hurley Elder Care! Also, if I were to look back at the top decisions I have made in my lifetime, partnering with Hurley Elder Care would make that list!!! read lessBrian Railey7/17/2023I make confident referrals to this law firm with great frequency.
They know their industry and provide excellent service.Ive...read moreI make confident referrals to this law firm with great frequency.
They know their industry and provide excellent service.Ive personally been to one of the training seminars that Miles led and gained a great deal of understanding of stage of life preparedness.Excellent law firm! read lessRand Eberhard7/05/2023This is the 2nd time I have used Hurley Elder Care Law firm.
They are a very professional group.You...read moreThis is the 2nd time I have used Hurley Elder Care Law firm.
They are a very professional group.You get a free one hour meeting to discuss your needs, and then decide whether or not they can help you.They are expensive, but very efficient.
THEY KNOW WHAT THEY ARE DOING!! Because of their expertise and no nonsense approach, we more than covered their fees in what we saved by securing the benefits we sought in very short order.I would definitely use them again and highly recommend their services.The best! Worth every penny! read lessConnie Washburn2/07/2023Engaging Hurley Elder Care Law was the best thing I did when undertaking responsibility for the care of my sister...
read moreEngaging Hurley Elder Care Law was the best thing I did when undertaking responsibility for the care of my sister with dementia.The staff there is amazing and guided me through the complexities of selecting a nursing home and the daily issues surrounding care.They intervened when necessary to ensure her proper care.
They were also the intermediary with Medicaid, taking the lead and guiding me when necessary.I can't say enough about their professionalism and knowledge of the eldercare laws, rules, and regulations and their desire to ensure that my sister was well represented throughout her battle with that terrible disease.read lessEd Reed1/04/2023I would like to thank the Hurley Elder Care Law Firm for getting my cousin approved for Medicaid! My experience...
read moreI would like to thank the Hurley Elder Care Law Firm for getting my cousin approved for Medicaid! My experience with Hurley Elder Care Law exceeded my expectations! The entire team was courteous, caring, knowledgeable, responsive, and professional.From my initial meeting with Miles Hurley to review my cousin's case, my anxieties were over.Sam and Caitleen assisted me in collecting the needed documents to start my case.
Grace Suchy did an outstanding job of walking me through this process and reassuring me that they would get this done.Also, Nicole Lott, LMSW Care Coordinator, visited my cousin at the nursing home on several occasions to make sure his needs were being met and she communicated with me before and after each visit.If you feel lost and don't know exactly what you are doing, and it's very difficult getting through or working with DFACS, I encourage you to reachout to The Hurley Firm.
The Hurley Elder Care Law Firm Team provided me full service, and I am highly recommending them without any reservations.read lessRonnie Kitchens12/31/2022Very responsive and caring.I highly recommend.Janice Overbeck12/11/2022Hurley Elder Care helped my and husband and me to update our Wills and our Healthcare Powers of Attorney at...
read moreHurley Elder Care helped my and husband and me to update our Wills and our Healthcare Powers of Attorney at a time that was most difficult for us.We were moving to a senior High Rise and we both have health issues.Our wills and HPA were very outdated and we had no idea where to turn.
Hurley was highly recommended to us by a respected professional, and we immediately made an appointment.They helped us navigate a lot of complicated material and within a matter of weeks, sent us a completed and updated Will and HPA in a durable notebook, with everything beautifully taken care of! They are the very BEST! read lessMarianne Craft12/04/2022Could not have asked for a better experience with Hurley Elder Care Law! From our initial consultation with Grace Suchy...read moreCould not have asked for a better experience with Hurley Elder Care Law! From our initial consultation with Grace Suchy to the amazing year-round support from Paul Abrahamson, we were always in good hands.
Paul took the time to explain complicated things in a way that was easy to understand.The team was very professional and knowledgeable, and helped us navigate it all.And we were thankful for calls checking-in, offering help if we needed it and great reminder emails for things we need to do throughout the year.
Highly recommend! read lessLynn Garber11/02/2022The team at Hurley Elder Care Law has been top notch throughout the entire process.From our initial meeting...read moreThe team at Hurley Elder Care Law has been top notch throughout the entire process.
From our initial meeting in Duluth (to accommodate my convenience), to helping unravel my parents' finances and securing payment for my mother's long-term care, I could not have asked for a better experience.Thorough answers, quick replies, patience with my constant barrage of questions, and a seemingly genuine care for our situation have been consistent throughout all of our interactions.I would, and will, highly recommend their services!I am not going to lie and say that this undertaking has been an easy one, nor would I downplay mom and my hesitance when making the initial financial investment needed to secure Hurley's representation, BUT I cannot imagine how overwhelmed and frustrated I would have been if I had attempted to face these processes without their help.I am aware there are free resources and guidance available from other avenues, like the nursing home where mom lives, but in retrospect I am certain that said services would have been unable to answer all of my questions.
I am also fairly sure that our interests would not have been so well prioritized and protected if we had chosen to travel these paths.Even with help it has been a daunting task, and the entire process seems intentionally designed to confound.For us time was of the essence, and we were able to secure mom's coverage a full month before we found ourselves in a self-pay situation.I could site about a dozen instances where Hurley's experience and understanding of the process saved me time and money, but most important to me was that their support alleviated a lot of the stress and all of the uncertainty in these endeavors.
It has been quite the undertaking, and mom and I speak often of how glad we are that we made the right decision in hiring Hurley Elder Care Law.read lessKeeton Hughes10/26/2022Recently had wills n powers of attorney done by miles hurley.Two visits n everything was perfect.
No rushing,...read moreRecently had wills n powers of attorney done by miles hurley.Two visits n everything was perfect.
No rushing, plenty of time for questions.Highly recommend.read lessjohn moreman10/24/2022Very responsive and answers thoroughly answers questions.Shannan Norton6/13/2022Handling a probate case for me.
Definitely seem to know what the court systems want around here.Very happy with...read moreHandling a probate case for me.
Definitely seem to know what the court systems want around here.Very happy with the job they've done so far.read lesschad schoening5/23/2022They answered my questions promptly and were reasonably priced for what I needed in comparison to some of the other...
read moreThey answered my questions promptly and were reasonably priced for what I needed in comparison to some of the other attorneys I checked.They made all the arrangements to take care of the situation I had and did it in a profession and timely manner.I would refer Hurley Elder Care Law to anyone that needs assistance with getting their older parents affairs in order.They answered my questions promptly and were reasonably priced for what I needed in comparison to some of the other attorneys I checked.They made all the arrangements to take care of the situation I had and did it More read lessJ Rod5/19/2022
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