Here is one thing to think about if one is trying to decide whether to quit work to care for an aging parent.... on average if a working person quits work he/she will lose over the years between $285,000 and $325,000 which includes loss of salary, plus net worth loss of the health insurance, loss of pension, loss of other benefits such as matching 401k, etc. [source: Reuters 5/30/12]
Unfortunately, there is no way the Federal or State or local government could afford to pay every single grown child to stay home to care for an aging parent. See if your Dad can qualify for Medicaid, and see what program are available in your State [each State is different] for a Caregiver from an agency to come to the house.
I agree that the answer is no. Read all that you can on here. What you are contemplating doing is taking on a 24/7 job that will get harder day by day. It takes a complete staff at a nursing home to care for patients and those workers get days off.
Also, generally no other family member will help you. I know a lot of horror stories.
What state do you live in? Sometimes people know some place where you could get a little help.
Not unless your parent is able to pay you and have a contract written up. I they are able to pay you, they might be able to afford some at home caregivers which would free you up to keep working. You stand to loose a lot financially both in the present and in your own future retirement, plus having your own health insurance if you were to quit your job. Also, one third of caregivers who go it on their own die before the person they are caring for dies.
Are there other means to help pay for your father's care that he might qualify for like is he a veteran? Would he qualify for medicaid?
You can do a search about being paid for caring for parents in the search site box in the upper right hand corner of this page, but you want find much.
Unfortunately, there is no way the Federal or State or local government could afford to pay every single grown child to stay home to care for an aging parent. See if your Dad can qualify for Medicaid, and see what program are available in your State [each State is different] for a Caregiver from an agency to come to the house.
Also, generally no other family member will help you. I know a lot of horror stories.
What state do you live in? Sometimes people know some place where you could get a little help.
Are there other means to help pay for your father's care that he might qualify for like is he a veteran? Would he qualify for medicaid?
You can do a search about being paid for caring for parents in the search site box in the upper right hand corner of this page, but you want find much.
Take care and good luck.