Aged care in a care facility is no more cheap. But when you
think about it you are paying for somewhere to live, your meals, laundry,
electricity and a number of people to look after you around the clock. The good
news is that it is actually a lot of comfort and support in the fag end of life
when the aged person needs assistance with daily living. Majority starts
cribbing about the cost as if they are caught unawares.
Sharon D’Souza never dreamt that elder care can be such a
difficult thing. Past two years with her bed ridden mother’s long term care, she
learnt a different lesson. Sharon’s mother is bed ridden and needs round the
clock care. But when a care home bill tops 45000/- a month, the best-laid plans
get tossed aside unless you anticipate. Like others faced with the stunning
cost of elderly care, Sharon did the math and realized that her mother could
easily outlive her savings, a nightmare haunting her. Experience taught her She
had followed the expert advice, planning ahead in case she wound up unable to
care for herself one day.
Even with her mother’s savings, 78 year old Mrs. D’Souza, a
rheumatoid arthritis patient who is bed ridden past two years still had to top
up with around 15000/- every month to cover her care in a care home in Pune.
"An awful financial situation," said her daughter, Sharon. For the
two-thirds of middle class Indians over 70, who are expected to need some
long-term care, the costs are increasingly exorbitant. The cost of staying in a
decent care home has climbed at twice the rate of overall inflation over the
last five years, according to our experience. One year in a private room now
runs a median Rs. 300000/- a year, while annual cost for home-health aides runs
Rs. 250000/-.
"If you have any money, you're going to use all of that
money," a frustrated Sharon said. "Just watch how fast it goes."
Sharon wonders how people manage the widening gap between their savings and the
high cost of caring for the elderly? In India insurance doesn't cover long-term
stays, so a large swath of elderly people wind up on the personal savings and
‘beg for charity from children’.
"Within the first year most people are tapped out,"
said Philip Cherian, a practicing chartered accountant and the director of two
retirement homes in Bangalore. "Middle-class families, though cash rich,
just aren't prepared for these costs." Cherian sums up.
Everything changes when, for instance, an aging father
struggling with dementia requires more help than his wife and children can
manage. Remember plans that looked solid on paper are no match for their bills.
Cherian says plans for care and finance are equally important to prevent
unpleasant happenings and inferior care.
Many of the retirement homes in the country just provide
accommodation, housekeeping, food and this will be included as basic cost.
Linen, laundry, physiotherapy, medical, consumables, TV, internet, grooming,
maintenance, etc., are all charged extra and considered as hidden charges. On
average, a shared room in a nursing home costs anything between 20k to 40 K
without care. A private room, or a studio apartment can still costs higher. All
the facilities collect deposits with various modes of deductions. Deposits
range anything between 2 lakhs to 60 lakhs, depending upon the facilities and
the size of accommodation.
Now comes the variables of the long term care industry.
"The amount of care you need dictates the price," said Swetha
Banerjee, a geriatric care manager in a care home in Kolkotta, "and there
aren't that many ways around it."
Hiring an aide to spend the day with an elderly parent living at
home is often the cheapest option, with aides paid a minimum of 15000/- a month
in some parts of the country to 35000/- in few metropolitan cities. But hiring
them to work around the clock is often the most expensive, Swetha said.
"Needing help to get out of bed to use the bathroom in the middle of the
night or patients with peg feeding or sleep disturbances means you need at
least two attenders round the clock and in that case better to choose a nursing
home," she said. She also points out to other costs like physiotherapy,
and consumables like diapers, gloves and masks, catheter management, and other
paraphernalia associated with long-term care. Last but not at all the least,
now a day, as the medicines in old age are costly. Many elders have multiple
conditions necessitating the consumption of many costly drugs. This adds up to the cost.
Sushma Kavale, another Bangalore expert in long-term care has a
different take on this so-called ‘awful financial situation’. According to her,
for those solidly in the middle class, however, the answer is actually not very
complicated, rather a hype. ‘Anticipate cost, and be prepared to spend and
expect rising trend to continue’, she asserts.
After a close look at Sharon’s mother’s financial situation, there
is no grim picture as the way it made out to be. Taking Sharon’s case study, Sushma
wants to dispel the myth of ‘finance crunch’ for a middle class family. They
have too much money for all the luxuries
under the sun but not enough to cover the typical few years of care of
their ‘beloved’ mother.
When I told Sushma about me writing an article on the financial
distress faced by many families, as a veteran in long term care, Sushma too
admit that it is no easy affair, unless the old man/women plans well in
advance. ‘You
can get quality elder care but be prepared to pay for it’. Financial distress is the result of many factors. It can be the
actual crunch. But according to her, majority of middle class and above have
sufficient means or income but not willing to pay up.
Older adults those are deprived of the qualitative health care
at their fag end of life, citing reasons like "too expensive"
"poor affordability" "siblings doesn't go dutch" are
unlikely and unconvincing excuses. Most elderly parents are made poor during infirmity
by draining them off their resources by the children or immediate families.
Many elders have some savings, assets or some little fall back from their life
long hard work and earnings. In a household when the elderly parent retire from
active life, assets and savings are parted among children either by persuasion
or parents willingly share. In few cases parents hold some of their assets and
savings. In a phase where they are infirm and bedridden no more able to run
their finances on their own children chose how much to spend or what kind of
quality care to offer, sadly its Price that's preferred over Quality leaving
the older parent to inferior care. Considering a middle class elderly parent in
India, majority got some assets or meager savings which actually can take care
of their rainy days in a most dignified and graceful manner. Yet, they elders
get deprived of it because their old age care is not their choice but their
children's or someone else's.
Having money and not spending it may be a problem lots of
caregivers wish their families had, but it’s a problem nonetheless. “Money is a
very emotionally charged issue,” Ms. Sushma said. “It’s hard for rationality to
rule.” “I can’t afford it” provides
a good all-purpose excuse.
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