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Great Ways to Help You Cover Long-Term Caregiving Costs

There are many resources to help cover the costs of caregiving.

Whether you’re taking care of an elderly parent or anyone else with ongoing care needs, expenses — often very significant ones — add up quickly.

According to the National Alliance for Caregiving and Evercare, Americans devote nearly $375 billion a year in time and money to care for older adults — which is nearly twice as much as what we spend on all homecare and nursing home services combined. The day-to-day costs of caregiving and the financial worries they may create can easily add to your emotional load and stress level.

Many of us at CaringBridge have been there, and now we’re here to remind you that you don’t have to face this challenge alone. In fact, did you know there’s often financial support available to caregivers, too?

Look Into Local and State Agencies

Financial assistance is often available from smaller government and social services agencies. Contact your state or county Department of Health and Human Services to see how they may be able to help. Local chapters of faith organizations and volunteer health agencies can also be incredibly helpful resources, either for direct financial assistance or to help you find available funds.

Set Your Sights On Federal Assistance

There are also federal agencies that might be able to help offset the costs of caring for an older parent:

Contact these organizations or pay them a personal visit to share the specifics of your story.

You Can’t Put a Price on Caregiving. Or Can You?

Family caregivers are rarely reimbursed for all the time and effort they put into caring for their loved ones, so it’s important to explore all the financial options available to you.

You might discover resources that you didn’t know existed, but that you may be able to tap into. And lightening your financial burden will help you focus on what’s truly important at the end of the day: the comfort and care of your loved one.

Please Share Your Experiences and Insights With Us

Do you know of additional resources or organizations that financially support caregivers? Do you have some personal stories about the cost of caregiving? Please share them below.

About the Author:

Tom McNulty is a guest blogger for CaringBridge and the author of “CLEAN LIKE A MAN – Housekeeping for Men (and the Women Who Love Them)”.

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  • By Cindy

    Does anyone know of any agencies in Wisconsin that help when taking care of your special needs child, not an adult? I stay at home with my son because he needs full care and daycares are very expensive for children with full care .

  • By sandy

    i am a single mother, diagnoised with breast ca for the second time in 7 years, 2 weeks post of for dpuble masectomy w/reconstruction, soon i will start a short cycle of chemo. my boys are 14 now and i have no financial help at all other than STD through my employer. I am trying to find a financial help, according to the state i live in i make too much $$ to quailfy for any benifits other than what i am recieving. i find this sicking. Any suggestions welcome.