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A new medical alert device for any emergency

A new high-tech medical alert device, which is aimed toward the elderly and those with special needs, is now available to not only help aging consumers stay in control of their lives but also to help them stay connected to their family caregivers in times of an emergency.

The GreatCall Splash can quickly summon assistance or emergency services through a click of a button, said Dean Williams, vice president of technology for the safety product company GreatCall. It can also survive up to 30 minutes in 3 feet of water, comes with a simple charging cradle and has a clip on the back to attach it to a piece of clothing.

However, that item, for $50, comes with additional costs. There is a one-time $35 activation fee and a user would need to purchase a $15 monthly subscription to GreatCall's 5Star emergency dispatching service in order to use the device. For $20 per month, a user can get the GreatCall's GoPlan Urgent Care and Link service, which is meant to connect seniors with a nurse or doctor for medical assistance.

"GreatCall Splash Link service is a smartphone app compatible with iOS and Android devices that friends and family can use on their phones to track the location of the splash device," Williams said. They would also receive a notification on their smartphone whenever someone with the Splash presses the device's button for medical assistance, he added.

Besides the GreatCall Splash, there are a couple of other options folks can consider such as the MediPendant and the Philips Lifeline.

By CNBC's Erika Santoro