Eight Ways Families Cut Senior Care Costs and Keep Loved Ones at Home

Budget-friendly home care for older adults is easier to find than most people assume. The options below cover some of the best ways to manage senior care when living costs keep climbing.

Most families would like their older relatives to remain healthy and independent in their own homes, but that is not always realistic. Many seniors who have managed on their own for decades also resist the idea of moving into a senior living community or nursing home.

Supporting a senior at home keeps them in a familiar setting while their needs are met. Primary caregivers need time away from their duties as well, and that is where low-cost home care comes in. It can help a family care for an older adult without burning out. Here are eight tips for finding inexpensive help.

1. Hire a Caregiver Directly

Bringing in an independent caregiver instead of going through an agency can mean major savings. Handling the hiring yourself can cost roughly 20-30% less than using an agency to find help.

This route does not suit everyone, though. Hiring privately makes you responsible for every step. Anyone who is not comfortable running background checks and vetting a caregiver may be better off using an agency.

2. Put Technology to Work

Staying in touch with loved ones has never been easier. Modern tools make it possible to check on an older relative and confirm they are safe and comfortable. They can also offer peace of mind and cut down the hours a senior needs an in-home caregiver.

A monitoring or medical alert system, for example, can help keep a family member safe, remind them to take prescription medication on time, and keep them connected with friends and family.

3. Check for Tax Credits and Deductions

Caregiving expenses may qualify for state or federal tax credits. If an older adult is claimed as a dependent, tax deductions for those expenses may also be possible.

Before filing for any credit or deduction, get advice from a tax accountant or advisor so all the options are clear. Another choice is to look for an IRS-certified volunteer who offers free tax help.

4. Look at Low-Cost Home Modifications

A safe home makes it easier for older adults to move around and stay independent. Stairlifts and shower chairs are only two of the many changes that can make caregiving simpler.

Many states give grants to homeowners who need to make their homes safer and more accessible. Non-profit organizations also offer financial help to low-income seniors. An online search can turn up assistance programs nearby.

5. Seek Out Affordable Respite Care

States and non-profit organizations run a wide range of respite programs. These provide free or low-cost care for eligible seniors. Organizations offering them include the VA, the Alzheimer's Association, and National Family Caregiver Support Respite.

6. Try Subsidized Meal Delivery

Healthy, nutritious meals are among the most important parts of caring for an older adult. Removing the need to shop and cook can save considerable money and physical effort.

A subsidized service such as Meals on Wheels is one way to make sure a senior eats well. It delivers nutritious meals to millions of vulnerable seniors and can reduce the number of hours of paid home care a family needs.

7. Lower the Energy Bills

Rising utility bills can weigh heavily on families, particularly in winter and summer. A couple of programs can help.

The Low-Income Home Energy Assistance Program (LIHEAP) is federally funded and helps low-income families pay for heating and cooling. Some states also run weatherization assistance programs, which help cover the cost of making homes safer and more energy-efficient.

8. Sign Up for an Adult Day Program

For caregivers who need a break, adult day programs give older adults a place to go during the day for care, companionship, and meals. They typically cost much less than in-home carers, and some provide transportation to and from home.

Families looking for affordable care for a senior can start by searching online for adult day programs in their area.