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The senior care blog shares practical tips and advice for senior care success. 

It is hosted by Matt Johnson, a senior care advocate and our CEO here at HealthBridge. 

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How to Save $2,200 a Year on Senior Care

Posted by Matt Johnson on Fri, Nov 13, 2009 @ 08:43 AM
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senior-care-math-quizLet's say your goal is to save money on senior care.  

And let's say that there are only two in-home senior care companies in the world.  The Red Company charges $20 per hour and has a four hour minimum.  The Green Company charges twice as much per hour, $40, but has no hourly minimum.

You're used to daily senior care, but hey, we're in a recession.  It's time to cut back.  If we assume you'd like to save the most money possible, which would be a better decision:

    • To use the Red Company and cut back care to four days a week at the minimum number of hours allowed.  
    • To use the Green Company and still have care every day at the minimum allowed.  (virtually making no change!)
Trick question aside, it's the Green Company.  (In fact, the Green Company would save you over $2,200 per year).  
 
If you got tripped up on the arithmetic, you're not alone.  We're not wired for math.  This stuff is tricky.  The low price, high hourly minimum gimmick has been used by senior care marketers for years to hoodwink seniors.  
 
It boils down to this:  Hourly minimums for senior care cost seniors money because it forces them to buy care they don't want or need.  

Paying for senior care
is tricky enough, without the math quiz.  

PS:  At HealthBridge, we've never had an hourly minimum and our hourly rates are nowhere near $40.  
 
>>>For more articles on how to save money on senior care, visit the Paying For Care section on HealthBridge.
 
>>>And, don't forget to subscribe to HealthBridge to learn how to apply these money saving tips to your family.  
 
Thanks to Seth Godin for once again inspiring another article on this blog.  
 
Image credit:  bootload
 
 
 

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COMMENTS

Excellent point.

posted @ Friday, November 13, 2009 9:42 AM by Stella


Great article!!!

posted @ Friday, November 13, 2009 12:34 PM by jackie


Thanks, Stella and Jackie for reading and commenting!

posted @ Friday, November 13, 2009 1:47 PM by Matt Johnson


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