The pioneering spirit of Oklahoma continues to this day as more residents choose to move to Oklahoma City and remain at home to age in place. The city recognizes this need and offers more than 178 senior care providers with several in-home care companies.
It is estimated that 10,000 American seniors reach their 60s every day. With this in mind, you can now find affordable options to cover the cost of in-home care, including reverse mortgages.
By the year 2030, one in five Oklahoma residents will be age 65 or older.
The senior population in Oklahoma is expected to increase from 13.8 percent in 2010 to 16.7 by the year 2020.
As many as 8 percent of Oklahoma residents age 65 and older live in poverty.
Home ownership in the state has increased for seniors from 68 percent in 1992 to 71 percent in 2006.
Studies show that as senior citizens age, they become isolated. Only about nine percent of seniors age 75 and over are able to socialize on an average day.
Homemakers in Oklahoma City can help seniors with companionship. Many homemakers spend time conversing, playing games, and attending events with their clients. These caregivers also take care of light housekeeping and meal preparation for your loved one. According to the Genworth 2015 Cost of Care Survey for Oklahoma, the hourly rate for a homemaker is $19 on average. You can hire a homemaker for full-time eight hour shifts for $43,426 per year on average.
Home health aides provide the same services as a homemaker, however these aides are trained and certified. They can help your loved one with activities for daily living (ADLs) like dressing, bathing, toileting, grooming, and mobility. A home health aide can perform blood pressure and blood sugar checks, pulse checks, and wound and bandage care. An aide in Oklahoma City will cost the median hourly rate of $20 or $46,057 per year.
In-home care in Oklahoma City can take the form of part-time, full-time, respite care, or live-in care. Part-time care makes administering medication easier as an aide can come only at the times needed for an injection or other type of medication. You can hire an aide to only come in for a few hours in the middle of the day to check on your loved one and take care of light housekeeping or run errands.
Full-time caregivers can work eight hours per day while you are out to work. If your loved one’s condition requires intensive care, consider a live-in caregiver. You may not feel you can provide adequate care in the case of an emergency, but a live-in caregiver can relieve you of that fear.
In-home health agencies can provide you with a caregiver that matches your loved one’s personality while providing certified care. The agency is the employer of the aide and as such takes care of payroll, taxes, licensing, and other administrative tasks. You can always hire an aide on your own. As the employer, you will need to file taxes and withhold Social Security, but you are able to screen and choose a caregiver that you like.
Ask your friends and family for referrals and check the Better Business Bureau for ratings and reviews on companies in Oklahoma City. You can find reviews online for many of the in-home care providers.
If your senior loved one owns their home, an option to pay for in-home care is a reverse mortgage. You and your loved one will want to be clear about the terms and conditions before signing any paperwork, but the loan does offer an affordable way to fund care. If you do not understand the terms, consult with an elder-law attorney.
Low income Oklahoma seniors may qualify for Oklahoma Medicaid, known as SoonerCare. The program will cover skilled nursing from a home care agency through its Long Term Care Program. You can apply online at the Oklahoma Healthcare Authority or call 1-800-987-7767 to find a local Community Action agency.
Other options for paying for in-home care include using funds from IRAs, trusts, checking, savings, and retirement accounts. Speak to a financial advisor or senior care planner about other programs your loved one may qualify for in Oklahoma.
Find assisted living in Oklahoma City near you.