2020 AARP Research Report highlighted that 1 in 5 caregivers report high financial strain as a result of caregiving. This means that caregivers are spending hours assisting loved ones with daily tasks, cooking meals, taking them to appointments, ensuring their safety and well-being, and providing companionship, but are not being compensated for their time. Caregivers often have to significantly reduce their number of hours working outside the home or leave their jobs entirely in order to provide quality care for their loved one. Unfortunately, being a caregiver for a family member comes at a cost. As primary caregiver, you don’t have to worry about outside help that may not be sympathetic or attentive in caring for your loved one. Not only do you get to spend time with your loved one, you also have the opportunity to ensure they receive the best quality care possible. Serving as a caregiver for a family member is an extremely rewarding experience.

Steps to Obtaining Financial Assistance for Caregivers by State Step 6: Determine Whether Your Family is Willing to Pay You for Your Caregiving Time Step 5: Determine Whether Your Company Offers Paid Leave for Caregivers Step 4: Determine Whether Your Loved One Has a Long-Term Care Insurance Policy That Provides for Caregiver Compensation Step 3: Determine Whether Your Loved One Is Eligible for Veterans Aid Step 2: Enroll in a Home and Community-Based Services Step 1: Determine Your Eligibility for Medicaid’s Self-Directed Services Programs

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