Summary of Statistics
400 million hours of unpaid caregiving is provided annually by those looking after family members in Mississippi. This equates to over $4.7 billion worth of care that family members provide to loved ones for free. Many people aren’t aware that there are state and federal programs that offer benefits and compensation to those undertaking roles like these.
These programs exist because looking after a loved one who needs your care is often an emotionally and financially difficult job. At Aidaly, we recognize the hard work and sacrifice that goes into being a caregiver, and we are committed to lightening the burden by helping you access the benefits you deserve.
On average, family caregivers spend 26% of their own income on providing care. Knowing what assistance is available can relieve some of the financial pressures you may be facing. Read on to learn about the benefits you may qualify for in Mississippi.
Benefits are available to taxpayers to provide financial assistance. The federal government has various initiatives available to relieve financial burdens.
The Child Tax Credit
The Child Tax Credit offers people who claim children on their tax filing up to $3,000 per dependent child. This is made available to you throughout the financial year following the filing of your tax return. Visit this website to find out if you qualify.
Child and Dependent Care Tax Credit
The Child and Dependent Care Credit can provide several thousand dollars of relief to assist in the caregiving costs of a child or dependent person while you work or look for work. You may be eligible to get up to $8,000 returned if you spent this money on care costs. Visit this website to learn more and assess your eligibility.
Medicaid Waivers in Mississippi
If your loved one is on Medicaid, they may be able to direct Medicaid home-care payments to you. Typically Medicaid requires you to go through a Medicaid approved care provider, however some legal exceptions to this exist, and enable the person being cared for to direct their care funds as they choose. To determine if you are eligible for this, contact your loved one’s Medicaid provider or find out more here.
If the person you are caring for is a Veteran you may be eligible to receive extra help to cover care costs and access resources from the Department of Veteran Affairs (VA).
Veteran-Directed Care (VDC)
Veteran-directed care aims to give the choice and control to the person being cared for. Veterans can access a monthly payment to be used to employ a carer; this can be either a home health or personal care aide or a family member or friend. If you are wondering if this is the right option for you, you can find more information here.
The Veterans Aid and Attendance Program
Qualifying Veterans may be eligible for monthly payments of up to $3,621 in addition to their normal VA benefit through the Veterans Aid and Attendance Program. These funds are aimed at improving the quality of life of Veterans and are often used to pay family members providing care. Visit this website for more information.
Program of Comprehensive Assistance for Family Caregivers
The VA has introduced new criteria that means the caregivers of Veterans from any period of service now may be eligible for the PCAFC. If the veteran you are caring for was injured in the line of duty and you live with them full time while providing care, you may be eligible to receive financial help as well as caregiver training. Discover if you are eligible at this website.
Caring for a loved one can be fulfilling, but it can also be difficult, especially if you have financial concerns. Aidaly will help you access the most help you can to alleviate the pressures and let you focus on helping and spending time with your loved one. Check your Aidaly eligibility today.