Almost 60% of all caregivers either work or have worked while providing care.
- 62 percent have had to make adjustments to their work life, such as reporting late to work or giving up work entirely.
- Male caregivers are more likely to be working full or part-time than female caregivers (66% vs. 55%).
Since the economic downturn, 63 percent of America’s caregivers who also held another job were saving less for their own retirement. Four out of ten had their pay or work hours cut and one in six lost their job, according to a survey by the National Alliance for Caregiving (NAC). Losing not only income but benefits such as 401K plans, pensions and health care coverage can be devastating — but there is even more concern if a loved one’s ongoing care depends on the caregiver’s financial well-being.
Another NAC study found that more than half of the nation’s caregivers spend an average of 10 percent of their annual income on care-related expenses such as prescription drugs, home safety modifications, in-home services, food and meals, household goods, transportation and legal fees.
Estimated caregiver out-of-pocket expenses are, on average, $2,400 per year for these care-related necessities AARP, 2007). Further, family caregivers can experience loss in wages and other work related benefits due to changes in work patterns (AARP, 2007).
What are the expenses of in-home care?
The average cost of in-home care in California is $36.00 an hour. Most in-home care requires a minimum of three to four hours per visit and are not covered by Medicare long-term. Full in-home care (8-hour care) can cost up to 260 dollars per day. Rates may vary depending on the amount of services needed within the home.
For a full year (250 work days) it costs roughly 40,000 dollars for in-home care and 75,000 – 80,000 dollars per year for nursing homes with medical staff available.
Why choose Oxnard Family Circle Adult Day Health Care Center?
Oxnard Family Circle ADHC starts at $79.00 per day, providing many unique senior care services that are not available in in-home care. This low cost includes a variety of services that in-home care cannot provide, such as:
- transportation to and from our center
- two healthy meals per day
- physical, occupational, and speech therapy
- counseling (group, personal, and dietary)
- medical assistance
- exciting activities and guest speakers/performers
- social stimulation
Oxnard Family Circle ADHC is a great option that will help you save money, prevent stress and keep your loved one out of a nursing facility. Contact Oxnard Family Circle to get your loved one enrolled and experience for yourself how our center can help change both of your lives.
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