Family caregivers make a lot of sacrifices to care for older, sick, or disabled relatives. There are many costs involved in caregiving, such as covering travel expenses, paying bills, and buying household essentials. These costs can add up to create a significant financial burden for caregivers.
Many states offer some form of payment for family caregivers. But the laws, eligibility, and funding for this support vary by state. The most common source of assistance is Medicaid, which offers several state-based programs to people who are eligible based on income or disability.
Long-term care insurance also usually provides coverage for care at home. However, policies differ regarding who can deliver that care. In some cases, only a professional service will be paid for long-term care. In other cases, the policy will pay for a family member to provide care.
Learn more about financial assistance for caregiving.