A Place for Mom
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23rd October 2024
How to Get Paid to Be a Caregiver for Parents
Family members can get paid to be caregivers for their elderly parents through Medicaid, VA benefits, long-term care insurance policies, and caregiver agreements. Family caregivers often face greater financial instability and stress than noncaregivers. This is because they typically struggle to balance work and assisting their parents with personal care, meal preparation, and cleaning. Many caregivers choose to reduce their hours, take a leave of absence, or quit working, resulting in lost wages and benefits. Unfortunately, most family caregivers are unpaid due to strict eligibility requirements and unique financial situations. However, getting paid could help prevent stress and burnout.