Sometimes statistics paint a grim picture, and this is certainly true when you look at the state of elder care. The costs are exorbitant, and Medicare doesn’t pay for an extended stay in a nursing home or assisted living community.
As a response many people who need help with their day to day needs rely on family members and/or friends to provide in-home assistance. In fact, this is where most of the care that is required comes from, but sometimes it is not enough.
In-home health aides can be engaged on an hourly basis. However, because of the fact that this is a job that is not very lucrative it can be difficult to find qualified people to provide this service.
To add to the challenge the numbers of people who are going to require long-term care in the coming years will increase dramatically as the baby boomer generation continues to age. The Bureau of Labor Statistics tells us that there will be a 70% increase in the number of home aid jobs that will exist by 2020.
A possible solution is being developed in the form of robotic in-home caregivers. It may seem too futuristic to be true, but researchers have already made a lot of progress.
Of course you may prefer a human to a robot. But if there’s simply nobody out there to give you a hand a robot that can help you if you fall, bring you things, bathe you, and remind you to take your medication could provide a practical if somewhat cold solution.
Mr. Kraft assists clients primarily in the areas of estate planning and administration, Medicaid planning, federal and state taxation, real estate and corporate law, bringing the added perspective of an accounting background to his work.