Know Your Senior Care Options
Paul Hogan, Chairman & Founder of Home Instead Senior Care says that his personal goal and corporate motto are the same: To change the face of aging. Paul stands ready to assist Home Instead Senior Care Franchise owners’ efforts on behalf of seniors.
Information is a game-changer for seniors. We live in an information age. As consumers and citizens, information directs the way we invest or spend our money, ultimately determining how we live out our retirement years.
Home Instead Senior Care discovered how well seniors and their adult children understand senior care issues. As senior care advocates, it did not surprise Paul Hogan and his wife, Lori, that survey respondents generally:
- knew little about senior care options
- were misguided about how much those options cost
- were poorly informed about the financial resources needed to cover senior care costs
For example, 71 percent of adult children and 66 percent of seniors could name only two senior care options. And, by a large margin, the two they named most frequently were the most expensive options-skilled nursing homes and assisted-living centers. In contrast, from the book that Paul and Lori Hogan wrote, Stages of Senior Care, lists nine choices in the senior care continuum.
Other survey findings showed:
- 50 percent of seniors said they have not planned for their futures
- respondents think senior care services cost more than they actually do, except in the case of skilled nursing homes. Nursing home care actually costs about $78,000 a year, but the majority of adult children of seniors thought it costs nearly $20,000 less than that.
These knowledge gaps are costly – and not knowing one’s financial options could quickly deplete a lifetime of retirement savings. In human terms, this may lead to seniors leaving their homes for facilities when that option is not necessary. Seniors prefer to age in their own homes, and with safe and affordable in-home care, seniors can remain in their own homes indefinitely.
Home Care Lafayette IN keeps seniors and elderly independent and safe at home. Call us for more information at 765-447-8800.

