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For my case, my Dad, who was a fall risk, had around the clock caregivers at his home, it was costing him mega bucks per month. Once he found out that senior living could cut the cost more than half, he was ready to pack and move.

As for my mother, she needed more care than that of the caregivers ability, thus she lived in long-term-care. Even though she was a tiny person, she was so frail that she needed a two person transfer.
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It really depends, every caregiver is different and every situation unique.Some things to consider:
Do you have social supports? Access to respite? Do you have a young family or are you still employed? Are you physically able to do the work, and mentally resilient enough to keep bouncing back? Are there some tasks you just can't bring yourself to do (bathing or incontinence are big ones)? Would the needs of your parent be better met by being in a place with 3 shifts of caregivers, on site medical staff and the opportunity for interacting with other people?
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Cwillie is right. Some people consider themselves blessed to be charged with the task of caregiving for a family member. During their caregiving days, they never say a negative word to or about their LO. Others consider themselves sentenced to the 3rd level of Hell.

Are you asking because your LO needs more care than you can handle? Has you life changed (new job, family change, LO’s condition has worsened, etc) There’s an old saying about purchasing something; “If you have to ask, you can’t afford it.”same thing here. If you are asking about placement, you should probably start checking out facilities and get on a waiting list if necessary. There are no rules for this. It’s a personal decision based on your own situation. Good luck and keep us updated.
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