Mar 09, 2016 - 09:13 AM
Yes, you can potentially be compensated for the services you provide as a family caregiver.
- First, look for state programs that may offer pay. In some states, Medicaid has a "Cash and Counseling" program that will pay for some services, including caregiving by family members.
- If your dad served in the military, look into possibilities for compensation through the VA. The Veteran-Directed Home and Community Based Services program, as well as the Aid & Attendance program, can be used to pay family caregivers. Visit http://va.gov/geriatrics/ for more information.
- Another option is looking for potential tax breaks. If you meet various standards, such as paying at least half of your dad's yearly expenses, you may be able to claim your dad as a dependent on your tax return. Even if you can't claim your dad as a dependent, you may be able to deduct medical and dental expenses of his that you paid. Go to https://www.irs.gov/pub/irs-pdf/p502.pdf for more info.
- If your dad has long-term insurance that covers in-home care, this benefit could (in some cases) be used to pay you.
- Finally, you can always arrange for a contract or will arrangement whereby you will be paid for services provided or left a greater portion of your dad's estate upon his death. You would need to meet with your siblings and make sure the entire family is on board to avoid any nasty in-fighting during the probate process.