What is a reasonable contract amount for daily care by family caregiver?

Deborah (Pendleton, KY) asks...

I would like to write a contract as a family caregiver to an elderly relative with whom I live. What is a fair amount to request for daily assisting an elderly relative and living in their home while providing care? (My two siblings do not live in the same home with relative as I do and do not provide daily care.)

Thanks in advance for your time.

Deborah

Here is a video that explains the Genworth Cost of Care

Deborah,

Every year, Genworth Financial releases their yearly Cost of Care Long Term Care Survey.

Met Life has one as well, on the impact of Caregiving and the Working Caregiver

Both organizations break the cost of care down for long term care according to state, and sometimes cities in that state.

The categories are also broken down according to the level of service.

I am am also going to encourager you to consider a family caregiver contract. I have included more information for you to review. Please do not hesitate to contact us at CareGiver Relief. We are here to support you.

Warm Regards,

Diane Carbo RN

More information for you..

What is a Family Caregiver Contract?

If you are preparing a family caregiver contract, you are not only providing hands on aide services, you are coordinating care as well.

Make sure you put in case management services a few hours every month as well.

I would suggest that you go online and download a copy of the long term care studies and start a file.

Every year, in January, when the new studies come out, as the rates change, your rates on the contract should, as well.

Keep a copy of each new years study, in a file, for future reference.

Uninvolved family members may need to see proof of the cost of services in your area.

They will not be able to argue with these extensive and comprehensive studies.

You should be paid what is the going rate for your area.

Please do not forget to include vacation time and limits as far as the care you will provide in your family caregiver contract.

If you need time for your own family, make sure you are very specific as, to what you can and cannot do, the time you will be able to provide care and the time you will need to be with your own family.

Having these things in writing makes it easier when ever one understands the expectations and boundaries of the other.

If you are working on spending down for Medicaid, you may want to look at this section.

I am here to educate caregivers on how to take care and protect themselves as they provide care for others. So many begin the caregiving journey with such good intentions, only to be financially, emotionally, and medically devastated.

I want to help you, to take care of yourself, so that you can take care of your family member.

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