In certain cases it may be possible to receive financial compensation for providing care to an elderly family member, according to the American Association of Retired Persons. Some possible options include state-administered programs such as Medicaid, which vary greatly depending on location; stipends sponsored by Veterans Affairs; or coverage from a private long-term care insurance policy.Know More
Most Medicaid programs provide waivers to facilitate direct pay from federal funds to individuals giving elderly care to a family member. However, AARP affirms that the elderly family member must meet income requirements to participate in Medicaid.
The University of California, San Francisco, describes how most caregivers are often unpaid for the physical assistance and emotional support that they provide. Although it is not always possible to receive direct financial compensation, numerous free resources are available for caregivers and elderly family members. This includes meals delivered to the home, local community center programs for the elderly and home health services.
AARP states that caregivers may qualify for certain tax exemptions and deductions. For example, an individual who provides more than 50 percent of the care for an elderly parent may be eligible to claim the parent as a dependent for tax purposes. Also, certain medical expenses may be deducted.Learn more about Older Adults
Some good online resources for elderly care are the Elderly Locator and the Eldercare Directory websites. The Elderly Locator site is provided by the U.S. Department of Health and Human Services - Administration on Aging, and the website offers information on topics, such as housing options, in-home care, long term care and nursing homes. Similarly, the Eldercare Directory site contains a listing of state agencies for the aging, according to Eldercare.Full Answer >
A care plan for the elderly addresses the issues that may arise as one grows older and begins to lose his or her independence. Elderly care plans require resources from multiple areas to be effective. The Caregiver Resource Center explains that a good plan designates the various responsibilities that pertain to the care of the elder; this helps all parties make educated decisions that are in the best interest of the elder.Full Answer >
Long-term care insurance helps pay the costs of long-term care for people with disabilities, chronic conditions and illnesses, according to the American Association of Retired Persons. This can range from assistance with daily living activities such as eating, dressing and bathing to skilled care in a facility or at home.Full Answer >
Elderly day care centers are places where elderly adults can go for care and companionship during the day. These centers are specifically for elderly adults who need care throughout the day but who can't afford a caregiver or whose family members cannot stay with them.Full Answer >