Strategies to Reduce the Costs of Aging in Place

Reduce costs by hiring caregivers directly



The number of Americans ages 65 and over is projected to nearly double by 2060. And most would prefer to age in place and hire senior caregivers if needed.

Quality homecare is expensive, but clients can reduce costs by hiring caregivers directly rather than using an agency. However, hiring household employees directly brings with it a host of issues, such as employment tax filings and labor law compliance. Clients need help making informed decisions about the different homecare options so they can age in place on their own terms.

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Source: Accounting Today

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