Getting Paid To Take Intendance Of Elderly Parents

Elderly woman with younger female caregiver in kitchen

Fact: Information technology is possible to gain compensation as a paid caregiver for a spouse or family member, such as elderly parents.

Reality: Compensation is not much if y'all are currently working at a task that pays livable wages, especially if your employer provides your medical and retirement benefits.

Research Carefully Before Becoming A Caregiver for A Parent

Making the decision to become the chief caregiver for aging parents is a loving, generous human activity but go along in listen that it is a demanding position.

Information technology'due south critical to advisedly research all caregiving options earlier making any decisions that have the potential to bear on your loved i'due south wellbeing, also every bit your own.

Enquire the post-obit questions

These questions will assistance you hone in on the right caregiving plan for your loved one:

  • Is home intendance the all-time pick for your parents?
  • Does home care make more financial sense than assisted living in the long-term?
  • If y'all are taking care of elderly parents, is at that place money available to pay for regular respite intendance (it is absolutely incommunicable for anyone to be a caregiver 24/7 without help and a break)?
  • Exercise I have the physical ability, capacity, and know-how required to become a caregiver for a parent, or will we nonetheless demand to pay for home care aides to help?
  • If I quit my job, exercise we have enough income to pay for insurance benefits, bills, and to continue putting the same corporeality abroad each month for retirement and savings?
  • Volition this decision put me into debt, or contribute to existing debt in any mode?
  • Am I healthy, able-bodied and confident almost setting and maintaining personal boundaries?
  • Does my land pay family caregivers?

No thing how much you honey your parents, there is no situation where taking a mental, physical, or emotion toll is worth the act of stepping into taking care of elderly parents.

How Tin I Become Paid to be My Parents' Caregiver?

The following are a list of programs and organizations that provide some level of pocket-size compensation to spouses, children or immediate family unit members who accept on the function of becoming a caregiver for a parent.

In all cases, we recommend applying for prospective services equally shortly as possible considering the required paperwork is involved and waiting lists tin can exist long.

Company-paid caregiver/family leave

If the situation is temporary, bridging the gap until more permanent arrangements can exist made, inquire your employer if they offer any blazon of paid family/caregiver leave.

Many employers offer anywhere from four to 12 weeks, and they don't e'er accept to be used consecutively.

Your parents & siblings

While finances may exist an uncomfortable topic for families to discuss, at present's the time to explore that very topic.

Many seniors put money away for "a rainy day," money you and your siblings may exist unaware of. Now, that rainy day has come up – in the form of much-needed funds to ensure your parents are safe, well-nourished and cared for and so they tin proceed to enjoy the best quality of life possible.

Also, if you lot are planning to quit your task or take a notable striking in terms of financial, time, and energetic resources, information technology is fair that any siblings contribute money or their own time and energy every bit well.

If family unit members are able to pay you lot for taking care of elderly parents, draw up a signed contract, keep professional records of your time and expenses, and ever study your income. Read alz.org's tips on How to Compensate a Family unit Member for Providing Care.

Medicaid waiver programs

Find out if yous're eligible for Medicaid financial assistance. Medicaid offers a range of waiver programs that vary from country to state.

In Virginia, the program is called the Commonwealth Coordinated Care Waiver (CCC Waiver). This programme is designed to help offset the costs of various elder care services by paying qualifying family members to practice the work, preventing individuals from having to move to facility-based care.

Click here to view a list of services the programme covers. Yous'll need to schedule an engagement with your local Department of Social Services or the Department of Health to begin the awarding procedure.

However, it's of import to note that each state's Medicaid-sponsored compensation program rarely pays more than the country's minimum, hourly wage. Currently, the minimum wage in Virginia is $11.00 per hr. Maryland has a minimum wage of $12.50 per hour.

Veterans services

Are either of your parents veterans? If so, the Department of Veterans Diplomacy (VA) has programs under the Veterans Directed Care umbrella, which provide compensation for qualifying veterans who adopt to receive intendance at home.

Those who already accept insurance coverage through the VA are eligible for an additional stipend – which can exist used to pay you to be a caregiver for parents and allows for a monthly upkeep of effectually $2,500.

If your parents aren't currently using a VA plan, they may withal authorize for other veterans benefits.

Stipends consider the type of intendance required and the number of care hours needed. This plan pays an hourly wage that is more or less comparable with the standard hourly wage paid to dwelling house caregiving professionals.

One of the great things about this program is that veteran care recipients become to choose who their caregiver(s) are, including family members or friends.

Click Hither to connect with a VA Regional Office nearly you.

Getting Paid To Take Care Of Your Elderly Parents

The decision to have care of your parents at home is commendable and the above resources tin ensure you lot're compensated for your efforts to provide assistance with activities of daily living.

Acquire more than about taking care of elderly parents in this resources:

Choosing the Correct Senior Care Service Provider