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You need to get an elder attorney or maybe a CPA to set up legal employer/employee contract and payment instructions. You will be considered an employee and will have to report the income when filing taxes.
This will keep all his income and payments legit should he run out of money and require nursing home Medicaid.
1. Medicaid waivers (Home and Community Based Services - HCBS Waivers.) These waivers allow states to offer services, like personal care assistance, to help individuals stay at home rather than move to a nursing facility. Some waivers allow for consumer direction or self directed care, where the individual can choose their caregiver, which could include a family member.
2. Personal Care Services (PCS). Some states offer PCS under Medicaid, which provides assistance with activities of daily living (ADLs). Family members, excluding spouses in most cases, can sometimes be hired and paid as caregivers.
3. Cash and Counseling Programs. This option provides a flexible monthly allowance to the care recipient to hire a caregiver of their choice, including a family member.
The specific rules and programs vary by state, so it’s important to check with the local Medicaid office to see what options are available.
Any living expenses should be itemized as room and board traditionally given to caregivers. In addition, there should be a written agreement saying what you’re getting paid for as his live in.
My in-laws live in, for example, isn’t even 24/7. She comes in the evening with a relatives minor child, cooks what they buy to feed not just them but her and this child, gets them to bed and deals with one or two overnight diaper cleanups from fil. For this, she is paid close to 122000 a year.
So, just because you’re family doesn’t mean you can’t negotiate a deal like this.
I have no regrets getting help from an Elder Care Attorney.
If your Father is living with you and gets social security you can see an elder law attorney to make out a "shared living costs" contract. If you charged rental that is taxable for you, but "shared living costs" aren't and would include rental, utilities and etc. You can also be compensated according to document stipulations to serve as POA.
In all truth, whatever compensation you find isn't enough in any way to make up for the loss of a real job and job history. It may present a bit of help for you but in no way will cover 24/7 care. I wish you lots of luck.
You need to call Social Services in ur area. Ask to make an appt with a Medicaid caseworker. Take all financial and legal documents with you. Birth Certificate, SS card, License, Mortgage papers or rental papers. Maybe even monthly bills.
Your county's elder services may have waiver programs that will allow family members to be paid for caregiving, and this is usually in tandem with qualifying for Medicaid. So, you should contact your county's social services and ask them.
However, in most cases the pay will only be around minimum wage and not for full time care. You may need to go through a training or vetting program as well.