Over the past few years, there has been an increase in the number of clients who have become caregivers for elderly family members. Several clients have also begun thinking about what their own needs might be as they age. A care manager can be a good solution.
You may think of a care manager as your project manager for any aspect of care you need for yourself or a loved one. In this article we are referring more specifically to elder care, and the many decisions that go along with providing comprehensive, compassionate care for you or your loved ones. Many people already rely on a caregiver in the form of an adult child or spouse. Anyone who has served in this role will tell you it can be a daunting, tiring task. Navigating an ever-changing healthcare landscape requires time and knowledge that most people do not have.
Care managers can assist with or facilitate all aspects of the aging care process, including:
- Drafting a comprehensive care plan. Even for clients who are currently in good health, putting a plan to paper leaves clear instructions for the care team that will be charged with helping them when the time comes.
- Selecting an appropriate living arrangement for clients who no longer can stay in their home unassisted. Several factors come into play here, including financial impact, geography, and best fit based on the client’s needs and desires.
- Organizing and coordinating skilled and non-skilled care in the home. Some clients may formulate a plan to stay in their home; this requires a great deal of organization to make sure proper care is being administered daily.
- Interacting with care providers on behalf of the client. A good care manager can attend doctor appointments and be an advocate for clients who lack an available trusted family member or individual to fill that role.
A care manager may be the saving grace in helping you care for a loved one. Each situation is different, and whether you are a child, spouse, relative or close friend, your loved one may require more attention and care than you can give. A care manager can provide many benefits. One of the biggest is allowing you to spend more quality time with your loved one. The care manager will also have a more comprehensive knowledge of care facilities and care providers who would be best suited for your loved ones. They can also act as an objective third party to manage challenging transitions and family conversations. The care manager will be a trusted individual that you can rely on, especially if you are travelling or live out of town.
The Foster & Motley financial advisors team regularly works with clients and their care managers to help handle the financial implications that come with evolving care needs. If you are interested in an introduction to a care manager for you or a loved one, please reach out to your Foster & Motley team.