Home Care of the Elderly by Family-The hidden costs

The Hidden Cost of Home Health Care

Using those closest to us as informal family caregivers costs more than you think. 40% of surveyed informal caregivers reported that caregiving affected their ability to advance on the job. They start out providing small amounts of care which inevitably increases beyond their expectations. This caregiving often takes a toll on their own health and personal relationships.

Home Care Facts

Did you know that...

Family caregivers spend an average of 8 years caring for their loved one.
The average loss in total wealth due to their caregiving responsibilities is more than $650,000 over the lifetime of the caregiver.
These family members spend more than $19,000 in out-of-pocket expenses in order to help the care recipient. These expenses include:
- food
- transportation
- medications