Parent Care Provides Financial Help for Caregivers and Elderly Parents

Share Article

Website provides budget stretching nuggets to steer caregivers and their elderly parents to safe harbor in troubled economic waters.

Bill Gillis, Parent Care CEO

All that is required is to submit your receipts

Almost daily, Baby Boomers and the elderly parents they assist are bombarded by wave after wave of dire economic news. Coupled with concerns about their jobs, rising costs and shrinking benefits, caregivers' worries are magnified by their need to assist their aging parents. Parent Care is providing an array of financial assistance including steep discounts, cash rebates, free products and even 100% reimbursement of expenses incurred assisting parents.

"Despite economic conditions, there are many ways for caregivers and their parents to reduce or eliminate spending without sacrificing life quality," said William Gillis Parent Care CEO. Starting this month, the leading resource for Baby Boomers who assist aging parents from long distance will emphasize numerous ways to save money or avoid spending it.

Reverse mortgages is the subject of the featured article on the caregiver website. Written by financial expert Debra Morrison, it provides insights on this increasingly high profile but not well understood topic. She shares that trying to predict whether our parents will be able to stay in their homes long-term might be the most anxiety-producing variable of all because health changes could play havoc with a seemingly well-considered decision. Only after you fully understand the tradeoffs of your parents' unique situation should you make a recommendation.

Morrison, a Certified Financial Planner, is responsible for client relationships for Capital Financial Advisors, a San Diego based fee-only wealth management firm. She has provided commentary in diverse media from CNN, the Wall Street Journal and America Online.

The Parent Care site is also highlighting rebates that may have eluded Boomers and their parents. Gillis relates that there are cash rebates that are underutilized. One provides a cash rebate for everyday items used by the elderly from bathing and skin care, foot and dental care, incontinence supplies and dietary supplements. Most states offer seniors exemptions and freezes on real estate taxes with one offering a cash rebate of taxes paid over the past three years.

The subscription site also points caregivers and the elderly to free goods and services including senior friendly telephones with large buttons, extra amplification or mobility aids. Free or deeply discounted hearing aids are available too upon request.

Parent Care research has also discovered what Gillis terms 'A true gold nugget' counties that provide 100% reimbursement for all outlays made on behalf of elderly parents. "All that is required is to submit your receipts," he relates. "During these bleak economic times, we are redoubling our efforts to locate ways to ease the burden on caregivers and their parents."

The Parent Care website provides detailed reports on each county in the US that include links to the services caregivers need. Subscribers indicate the report they need by inputting their parents' Zip Code. Each ten to twelve page report is tailored to parents' and can be downloaded to serve as a powerful PC desktop eldercare resource. The firm's network of experts also provide answers to questions within their respective fields of expertise. The network includes doctors, lawyers, gerontologists, pharmacists, elder abuse, senior relocation, fall prevention and aging-in-place specialists. These services are complemented by an array features including safety checklists, daily tips, news, videos and book reviews.

About Parent Care, Inc.
Parent Care is the leading information source for the country's eight million long distance (live over an hour away) eldercare providers and their employers. Parent Care, The Parent Care Report and The Parent Care Channel are registered trademarks of the firm.


Share article on social media or email:

View article via:

Pdf Print

Contact Author

Visit website