Is Caregiver Compensation Available to You?

If you’re a caregiver for someone you love, you’ve probably experienced your share of financial strain. Family caregivers spend close to $7,200 per year of their own money helping loved ones who are ill, aging, or living with disabilities. Some caregivers stop saving, take on more debt, have unpaid bills, or even leave their own jobs so they can take care of a family member or friend.

In some states it may be possible to be compensated for the time, effort and care you’re providing. Answer four quick questions to explore how you could be compensated for the care you provide.

Each state has different requirements and rules for paying family caregivers of loved ones who are enrolled in Medicaid, and almost all states have a lengthy waiting list. While your chances of getting paid as a family caregiver are best if you are caring for someone who is eligible for Medicaid, or for a U.S. military veteran, other possibilities exist.