Pay for Senior Living by Crowdfunding with AutoGive
Even if a senior has savings, chances are they won’t be able to fully fund the cost of elder care. Many families find themselves paying for some or all of a senior loved one’s care, and the costs can be high.
AutoGive is a simple and innovative solution if you’re wondering how to pay for elder care. Crowdfunding senior living with AutoGive allows you and your family and friends to all chip in and help with monthly elder care expenses.
It’s easy to start:
- Create your private group.
- Invite family and friends to give.
- Collect monthly donations for your aging loved one.
Elder care costs continue to rise
Figuring out how to afford assisted living for yourself or your loved one is stressful, especially since costs have been on the rise for years.
When it comes to pinning down how much senior living may cost, it largely depends on how much help a person needs. Raising funds for elder care can become even more important if a lot of help is needed.
Average costs of senior living in the U.S.
These figures from senior living cost expert Genworth Financial can help give you a better idea of how much you might pay for elder care, based on the type of care your loved one needs.
$5,720
In-home care, non-medical (monthly)
$6,292
Home health care (monthly)
$5,350
Assisted living (monthly)
$8,669
Nursing home, semi-private room (monthly)
$9,733
Nursing home, private room (monthly)
The rising costs of elder care
There are about 62 million adults over 65 in the U.S. now (18% of the population). By 2054, the 65-plus set will be 23% of the population, or 84 million people. This means the demand for senior care, and the cost of care, will continue to rise.
78%
Over three quarters of home caregivers report spending an average of $7,242 of their own money each year on a loved one's care.
11%
The overall average cost of elder care increased over 10% in the last year alone and has increased 60% since 2005.
Crowdfunding senior living with AutoGive makes good care possible
Crowdfunding senior living gets members of a senior’s network involved directly in the care journey.
Many families today are spread out geographically and aren’t always able to offer love and support in person. AutoGive is a great way to ensure people who live too far from a loved one can contribute in other ways.
AutoGive has also taken care of all the privacy issues — you and your family and friends get to focus on raising money for and taking care of your senior loved one.
Regarding privacy: You control the group membership, and only invited members can participate. You can also use the group as a way to share news and information, too, making AutoGive a great way to bond.
Lastly, participants pay the fees and associated costs so you get to focus on raising the funds you need to ensure your loved one has the best care.
Common Questions about using AutoGive to pay for elder care
Does AutoGive offer loans or other assistance to help with raising funds for elder care?
No, AutoGive does not offer loans, grants or other funding. We focus all our efforts on making our platform great so you can get your loved one the support they need.
Does using AutoGive require me to be affiliated with a particular nursing home or assisted living brand?
No. AutoGive is an independent enterprise and has no relationship with any elder care community or brand.
Can I use AutoGive donations for supplies and other needs related to my loved one’s care?
Absolutely. The funds you raise through AutoGive are for you to use in support of your loved one. We do recommend you track your spending and save receipts, though.
Does AutoGive partner with and/or offer discounts to any elder care providers?
No, we are currently a fully independent enterprise.
What about supplies or specific services — does AutoGive offer any partner discounts?
No, AutoGive does not partner with any elder care equipment and/or supply industry companies for discounts.
What about my senior loved ones’ friends? Can they help with elder care expenses?
Of course! Group organizers are welcome to invite anyone they feel would make a great addition to their group.
Myself and/or my loved one has friends in other parts of the world — can they participate?
While anyone receiving funds from AutoGive needs to be based in the U.S., anyone anywhere in the world can participate as a group member as long as they have a valid debit card or credit card.
What if my or my loved one’s family and friend circle is small?
That’s okay! Start with the network you do have, and build from there. If your AutoGive circle members are comfortable, they may be willing to invite people too. And, it may be a good idea to post about your AutoGive group on social media (depending on your comfort level).
My loved one wants to manage their own finances. Can I still run an AutoGive program for them?
Yes. How you disburse your group’s funds is up to you, your group and your loved one. Collecting funds and transferring them to your loved one is available by selecting “for someone else” during setup, then inviting them to join the group and add their bank account.
What if my loved one no longer needs support but I still have group funds in my account?
All money collected into your group is deposited weekly. If you decide to end your group, no further donations will be collected. However, any remaining funds will still be deposited to the recipient's bank account.
I still have a question…
No problem! We’d love to hear from you. Contact Us!
Launch your elder care support group
Build a caring circle for your loved one. Start an AutoGive group to manage expenses together. Friends and family contribute, so every penny goes directly to their care.
1
Set up a group for your loved one
2
Invite family and friends to join and contribute
