Author Coach Home Care Agency Owner

Author Coach Home Care Agency Owner

How Using Hospice Can Save You and Your Family Money.

Jun 24, 2024 | Caregiving, Eldercare, End of Life Care | 0 comments

Using hospice care can save money in several ways, primarily by focusing on comfort and quality of life rather than curative treatments, which are often expensive and extensive. Here are some ways hospice care can be cost-effective:

  1. Reduce Hospitalization Costs: Hospice care helps reduce the need for frequent hospital visits and stays, which can be very expensive. People receive care in their homes, thereby avoiding the high costs associated with emergency room visits and inpatient care.
  2. Comprehensive Coverage: Hospice care often includes services such as nursing care, medical equipment, medications, and supplies related to the terminal illness, which are typically covered by Medicare, Medicaid, and many private insurance plans. This comprehensive coverage reduces out-of-pocket expenses.
  3. Focus on Symptom Management: Hospice care emphasizes symptom management and palliative care rather than aggressive treatments. This approach not only improves the quality of life for patients but also avoids the high cost of intensive treatments and procedures that may not significantly improve the patient’s condition.
  4. Professional Support: Hospice provides a team of professionals including doctors, nurses, social workers, and spiritual advisors who coordinate care and provide support. This reduces the need for families to seek and pay for these services separately.
  5. Home-Based Care: Many hospice services are provided at home, which can be less costly than institutional care. Home-based care reduces the expenses associated with hospital stays, including room and board charges.
  6. Volunteer Services: Hospice programs often utilize volunteers to provide companionship, respite care, and other support services, which can help reduce costs.
  7. Bereavement Support: Hospice programs often include bereavement services for family members at no additional cost, helping families cope without incurring extra expenses for counseling or support groups.

By focusing on palliative care and quality of life, hospice care reduces the financial burden on families and the healthcare system while providing compassionate and comprehensive end-of-life care.

Resources you might want to check out:

Hospice 101: Everything You Ever Wanted to Know, but Were Afraid to Ask

What is Hospice Care: From the Texas – New Mexico Hospice Alliance

About the Author

About the Author

Samantha Young Cervantes has over 30 years of eldercare experience including nursing facility and adult day care administration, teaching of long-term care administration, owner and operator of private duty home care agency, and family caregiver to both of her parents.

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