Financial Planning: Steps to Take When a Loved One Needs Home Care Services in Caldwell, NJ

Home Care Services in Caldwell, NJSally knew that her mother and father planned their financial future fairly well, but she didn’t know the full details about their retirement savings, assets, or other aspects of their financial health. Sally also knew that her father was going to require home care services after the stroke he suffered from just a couple of days ago.

Her mother at this time was inconsolable and she wasn’t in the physical condition to be able to care for her husband full-time. They were going to require in home health care services when he was release from the hospital, otherwise he was going to need to be admitted to a nursing home and that was something Sally didn’t even want to consider. Her mother and father had a beautiful, comfortable home. The major concern at this point was trying to plan for home care services.

The first step that she took was to contact a few home health care services and agencies that the hospital had recommended to find out the cost and other factors. She learned that based on his condition and insurance, he would get this level of care covered for about 20 weeks. After that, the in home care provider was going to need to be covered by them.

The next step that Sally took was to determine just how much an in home care provider would cost when they had to pay privately. Since her mother was unable to talk about their finances, Sally set about to saving money from her own income to help cover some of the cost of that level of care. She also knew that her parents owned their home outright with no liens on it, so if it became necessary, they could take out a reverse mortgage to continue to pay for the best home care services for her father.

Sally’s mother had mentioned that between the two of them they should be able to manage, but Sally knew better.

The third step that Sally took was to consult a financial expert who had many years of experience dealing with these situations. She knew that she would need her mother to be involved in this process and scheduled a meeting with the consultant for a few weeks ahead, which would give her mother time to compose herself, and to have her father comfortable and recovering at home.

When you require home care services, it’s best to not make any knee-jerk reactions or plans, but rather take the time to make the best decisions for your loved one who requires the care and your family.

For Senior Care Services in Caldwell, NJ Area call 973-287-4718, Serving Caldwell, Clifton, Montclair, Bloomfield, Nutley, Cedar Grove, Verona, Little Falls, Belleville, Totowa, Essex Fells, Roseland, Glen Ridge, West Paterson, Fairfield, Passaic

About Zack Demopoulos

Zack and Phyllis Demopoulos are the Owners of ComForcare Senior Services of Fairfield, NJ.

Whether it’s in business or in life, finding the right partner is vital to the success of any union.Fortunately, Zack and Phyllis Demopoulos have found the perfect counterparts in each other.After 21 years of marriage, the couple decided to join forces in a new way with ComForcare.Zack had over two decades in healthcare at Warner-Lambert and Pfizer, and Phyllis was a stay-at-home mom of three and former Estée Lauder trainer.Their strong family values and personal experience with helping relatives who required continuous assistance led them to a business
centered on providing top-notch care to those needing it most. ComForcare is committed to providing caregiving, resources and education to families in Northern Essex and Southern Passaic counties.
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