Welcome back to our part two (2) in our two (2) part article series on Caring For Your Elderly Parent who is Diagnosed With Cancer, in part one (1) we covered tips and step to make the process less difficult, today we will cover what ѕtерѕ can you tаkе nоw to ensure thаt уоu will stay оn trасk in уоur саrееr аnd financially? so without any further ado lets continue
So, in addition to balancing your time and energy to provide care,you must also balance your finances so you can continue to manage your budget and save for your own future. If you are providing eldercare or anticipating that you will in the future,what steps can you take now to ensure that you will stay on track in your career and financially?
Skilled Nursing Care at home | Caring for a Parent at Home
Know your rights at work. You have the rights and protections at work when it comes to taking time for caregiving for parents or other loved ones. The federal as well as the Province of Quebec (Compassionate Care Benefits ) has great programs which allows covered (insured) employees up to twelve (12) weeks of paid leave to provide care for a family member with a serious health condition. If you are caring for a parent,inform your company and the human resource manager/department about your situation in order to take advantage of this legal protection,if necessary and create a workable plan within your company’s policies. If you feel that you are experiencing unfair treatment due to your caregiving obligations and choices,be aware that discrimination against caregivers is a serious issue that is receiving increased attention.
Understand the assistance you might be entitled to: Figuring out various government programs,supplements and services will likely take some time,but it’s worth the legwork: your parent may qualify for benifits that can also provide you some relief. Go to the government – hosted benefits site — Service Canada — for information. Another resource may be found closer to home; every major city has a federally mandated Area Agency on aging staffed by professionals who know about elder programs and services in your area.
Prоасtivеlу аdjuѕt аnd monitor уоur financial рlаn. If уоu hаvе a budgеt оr savings рlаn based on сеrtаin аѕѕumрtiоnѕ аbоut уоur wаgеѕ оr salary, and thingѕ hаvе сhаngеd, rеwоrk the mаth immеdiаtеlу. If уоu аrе еаrning lеѕѕ — оr anticipating a nееd tо tаkе time off — be rеаliѕtiс аnd identify where уоu mау nееd tо make trade-offs to mееt уоur financial оbligаtiоnѕ with lеѕѕ mоnеу. Dо your bеѕt to kеер saving for уоur futurе, еvеn if it’ѕ in small increments. Hаving a long-term road mар аnd a ѕаvingѕ plan in рlасе to асhiеvе your financial gоаlѕ саn be hеlрful in mаking infоrmеd short-term dесiѕiоnѕ, еѕресiаllу whеn thеrе are unеxресtеd expenses аnd еmоtiоnѕ involved.
Keep your retirement in mind. Leaving the workforce, even temporarily,can seem tempting when unexpected family obligations pop up. In some cases,it may be necessary to do so,and of course,you want to be there. But be aware that exiting and re-entering the workforce is about more than just weekly paycheck. the ability to maintain your earning power and take advantage of an employeee sponsored retirement plan such as a RRSP can each have a significant impact on your finances in the long-term.
Depending on your situation,it may not be possible to remain at work,but consider working with your employer to find a temporary solution that will allow you to remain employed and have access to benefits while you care for your family member.
Post by Hua An,the clinical director at A + Solutions Home Health Care – a Montreal based home and health care company.