A Poll About Family Caregivers and Money: What do you think?

Posted on September 9, 2011 by Elder Care Advice blog

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4 Responses to A Poll About Family Caregivers and Money: What do you think?

  1. Wayne Caswell says:
    September 20, 2011 at 11:11 pm

    Are we going to find a way to compensate unpaid family caregivers who spend an average of 22 hours/week carrying for loved ones and help ease their burden? According to a study by the AARP, that burden totals $450B/year in lost worker productivity, reduced earning capacity & retirement income, and increases in their own physical & emotional health. That’s about 3.2% of the U.S. GDP in 2009.

    http://www.mhealthtalk.com/2011/07/aarp-finds-toll-on-family-caregivers-is-huge/

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    • eldercareadvice says:
      September 22, 2011 at 1:01 am

      We need to hold all elected officials responsible for responding to this issue in a truly meaningful way. Thank you for responding with your facts and concern. one way to garner respect for caregivers is to require that they get some education and training for the hard work they do. CertifiedCaregivers are better caregivers!

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  2. Howard L. Pearl says:
    January 8, 2012 at 2:57 pm

    Prior to February 9, 2006, parents were allowed to gift modestly to their children and still be qualified for the Medicaid program. As of that date, ALL gifting would result in Medicaid disqualfication periods, even the $ 13,000 per year IRS annual allowable gifts. The logic behind the new law was simple, i.e. that people should be legitimately destitute in order to qualify for government benefits. The real truth behind the law is government mismanagement of Medicaid.
    In order to counteract the removal of gifting privileges, private pay contracts to responsible relatives who devote their time and energy to caring for their loved ones is a reasonable alternative.

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    • Elder Care Advice blog says:
      January 8, 2012 at 3:47 pm

      Thanks you for your thoughtful and informative response.
      Additionally, you are correct about previous policy going to far! The current administration, I believe, is attempting to correct this extreme position. Medicaide should be available to the indigent as well as taxpayers who are not wealthy, especially for eldercare. After all, the middle class is simply getting back money they have already paid in.

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