With longer life expectancy, “the risk of outliving savings, paying for elder care and being unable to leave a legacy to our children has increased,” says Aaron Schindler, a certified financial planner and owner of Care Concierge NY. The company provides long-term, in-home health services in the greater New York City region, (the boroughs, Long Island, and Westchester) New Jersey and Connecticut.
An option, [versus using an agency,] is a specialty direct-hire group such as Care Concierge NY. They maintain networks of independent caregivers and help place them based on the client’s needs and personal factors like shared interests and hobbies.
When you hire directly, you usually will spend less [than an agency] and the aide will make more because you’re not paying a middleman.”
With the Care Concierge NY matching process, you pay less than an agency and the aide receives more, thereby creating a longer-lasting client-home aide relationship. This leads to higher quality care that allows adult children the peace of mind to focus on their careers and families.
In addition, if you are between the ages of 45 and 65, you might consider purchasing Hybrid-Life/Long-Term Care Insurance to manage the likely future cost of long-term care. Aaron Schindler, in his capacity as a Certified Financial Planner®, can find you a well-priced policy that will cover the right services for you.