Investing In Care

Understanding The Cost Of In-Home Senior Care

Senior care is best when it is tailored to the individual needs of the senior receiving support. Because care needs can range from occasional companionship care provided by an in-home care provider to skilled nursing care in a nursing home, the cost of long-term care for seniors varies. It’s important to understand the funding options available to you when arranging care for your loved one. Talk To Us About Investing In Senior Care

There Are Funding Options Available To Help You Invest In Personalized Care And Companionship For Seniors

Families considering care options for senior adults have to take the financial cost of in-home care into account. As you will see below, there are alternative funding options available to help you afford the care your ageing family member needs. 

Do I Have To Pay For All Home Care Myself?

Not necessarily. There are several alternative funding options for in-home senior care and we are happy to review these with you at any time. Some options we can explore include: 

• Personal or group insurance plans (learn more below) 
• Government home care programs 
• Income tax relief (ex. the cost of our services may be offset by the Federal Disability Tax Credit, Medical Expense Credit, Caregiver Tax Credit and/or Credit for Infirm Dependents.)
• Tax deductibles. (ex. for most taxpayers, the cost of our services is tax-deductible if a medical doctor recommends the use of such a service.)
• Long-term care insurance (click HERE to learn more)

How Do I Access Alternative Funding Options For Senior Care?

The team at Comfort Keepers Peterborough can help you review your options and apply for support as needed. We’re happy to assist you in contacting your local government representative to learn more about government home care programs, your insurance provider and even the CRA to discuss tax relief and/or deductions. 

Taking advantage of all sources of funding for home care is important and well worth the effort. Adequate funding can expand the care options available to your loved ones and help to ensure they get the support they need. 

NOTE: We aren’t able to offer specific tax advice or funding, but we are here to help you navigate your options. For financial advice please contact the CRA, your accountant or your financial planner.
Contact Us To Learn More About Funding Options

How Do I Know If Investing In Senior Care Is Worth It?

When making the choice to invest in professional care for your senior loved one, you have to consider more than just the financial cost. The real value of in-home care is found in the improved quality of life you, your family and your senior loved one will experience. 

Family caregivers often provide care to their loved ones at significant physical, emotional and financial expense. For example, if you have had to reduce your hours at work to manage the care of your senior loved one, the investment in a caregiver may make good financial sense. Likewise, the peace of mind you gain knowing your ageing parent has the support they need—day and night—will reduce your stress levels and improve your ability to show up in all aspects of your life with a clear and more positive outlook. 

Your senior loved one will enjoy a better quality of life, too. The physical and emotional support that an in-home caregiver provides has real benefits for the health and wellness of older adults. 

Investing In A Personalized Plan Of Care With Comfort Keepers Peterborough 

Our services vary in cost depending on your individual care plan.  A Comfort Keeper’s Client Care Specialist will meet with you and your family to develop a plan of care that meets your care needs and your budget. Learn more about our Interactive Caregiving model HERE.  

• Every care plan is created specifically to meet the needs of you and your family
• Our prices are competitive 
• We offer direct billing to your insurance provider when care is covered. 

Contact Comfort Keepers Peterborough today for a full list of available services and to arrange your complimentary in-home visit. We’re here to answer your questions and explore the funding options available to you for in-home senior care. Get Your Individualized Care Quote Today