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Financial Professionals: Advising Clients with Private Hire Senior Care

Posted by HomeWork Solutions on Feb 14, 2017 8:23:00 AM

More and more families today are looking to hire in-home health care workers to assist with aging parents that are living with ailments or facing serious mental declines including dementia or Alzheimer’s disease. However, the cost of hiring in-home caregivers has been on the rise for several years, with the average cost of a home health aide being over $45,000 per year. (1)  Many families choose to privately hire, as an agency employed caregiver can cost $25 - 40 per hour while a privately hired caregiver can be $12 - $18 per hour. 

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Topics: independent elder care hire, senior home care

We Paid Mom's Senior Caregiver Off the Books - a Case Study

Posted by HomeWork Solutions on Sep 3, 2015 4:03:00 PM

Mike and Joyce R. hired a caregiver to help Mike’s mom at home when she came to live with them after her husband passed away. They agreed with the caregiver at the time that they were going to pay her $500 a week off the books. She worked out wonderfully and she stayed with Mike’s mom for almost three years, and was let go with a generous severance when Mike’s mom had to enter a nursing home.

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Topics: independent elder care hire, Senior Caregiver Payroll, nanny tax case study

Guide to Privately Hiring Senior Home Care

Posted by Vanessa Vidal, FPC on Oct 30, 2013 3:35:00 PM

Families of aging seniors are confronted with many choices as they navigate options to help maintain a healthy and productive life for elderly family members.  Home safety, medication management and transportation are key concerns for every family facing the naturally changing capacities seniors face as they age.  In fact, according to the Congressional Budget Office, one third of seniors aged 65 and over need some assistance with activities of daily living such as dressing and personal hygiene, shopping and preparing meals

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Topics: elder care, independent elder care hire, private hire for elder care, senior care

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