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Login to watch this video if you have a subscription. Learn more about subscriptions.The cost of caregiving includes both the expenses borne by care recipients and the physical, emotional and financial impact on caregivers. Care recipients face cost for healthcare services, medications, home care and LTC which are only partially publicly funded.
Caregivers often provide unpaid support, leading to lost income, reduced work hours and increased stress or burnout. Out of pocket expenses, such as transportation, home modifications, and supplies further burden both groups.
These costs vary across provinces due to differences in healthcare coverage, availability of home care and LTC systems. Provinces with fewer services or older populations tend to place greater reliance on informal aka family caregiving. The impact creates an impact on broader society.
Neela White, FCSI®, CIM®, CIWM®, CPCA®, EPC, CEA®, is a Senior Portfolio Manager at Blue Wing Advisory Group, a division of Raymond James. She is a Certified Professional Consultant on Aging, Elder Planning Counselor and Certified Dementia Care Provider, with more than 25 years of experience helping clients manage their wealth. Her focus on aging is also informed by her family’s experience with prolonged illness and around-the-clock home care.
Neela White, FCSI®, CIM®, CIWM®, CPCA®, EPC, CEA®, is a Senior Portfolio Manager at Blue Wing Advisory Group, a division of Raymond James. She has more than 25 years of experience helping clients manage their wealth. She is also a Certified Professional Consultant on Aging, Elder Planning Counselor and Certified Dementia Care Provider.
Neela began working in gerontology in 1993 after earning degrees in Psychology and Gerontology from the University of Western Ontario and McMaster University. Her career has included work in long-term care. Her focus on aging has been shaped by family experiences, including her father’s prolonged illness and death and a catastrophic accident that left her mother using a wheelchair and requiring around-the-clock care at home.
She has completed the Certified Patient Navigator program at York University, death doula training through the Home Hospice Association, and a certificate in thanatology. She pursued the latter to better understand what holds people back from planning for aging and end of life.
*see individual programs and jurisidictional allowances for accredited hours/requirements for Canadian law societies.
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