Caregivers get paid for the job they do
Through a caregiver agreement, also known as a personal-care contract or family-care contract, a family caregiver receives financial compensation for the time and effort he or she gives in caring for a parent or elderly relative.
"The No. 1 question we receive in calls and emails is, 'How do I get paid for caring for a family member?'" says Leah Eskenazi, director of operations and planning at the Family Caregiver Alliance. "That's where it's great to have a family-care contract. It offers a great way to help support the person providing care."
How much to pay a family caregiver is up to families to decide. Looking at how much a home health agency or other third-party company would charge for providing similar services is a good place to start.
"Sometimes a family member charges a little less," says Joseph Matthews, an attorney and senior editor with Caring.com. "There are no real rules. It's what all family members are comfortable with."