Common questions asked when you hire a caregiver
Caregiver Payment-How it works?
From the beginning the salary or rate of pay was clearly stated in the caregiver employment agreement, and when he or she will be paid and reimbursed for the money spent out-of-pocket. If applicable discuss additional benefits and overtime. This information should all be in writing, leave nothing to chance.
When you buy and download the Hire a Private Caregiver Kit you will receive an invoice template to give to your private caregiver to use which will keep all your care payments in order. Also included is a yearly caregiver income tax statement to pass on to your caregiver. Follow the established payment structure in your caregiver employment agreement; Method (etransfer, check, or cash), Frequency (Weekly, Bi-Weekly, or monthly). Always keep in the back of your mind pay raises for a satisfactory performance.
Can a private caregiver handle payroll and taxes?
Caregivers can hire an accountant service that will prepare paychecks and appropriate withholding taxes for a fee. The account can also handle all of the year end financials. The only thing the caregiver has to do is keep his/her month to month paperwork in order (Invoices, expenses, reimbursements, marketing, and gas mileage). When a caregiver takes on this task it takes a huge burden off family members of seniors, or seniors themselves. Most homecare agencies will try to make you believe that you will have this hugely inconvenient hassle of accounting and extra paperwork on your hands, but in fact this can be handled by the caregiver at their expense for a small accounting fee. It is important to remember that a private caregiver is paid more than an agency employed caregiver so this is a cost that they are willing to cover. If they want the position they will do what is necessary to make the financial aspect of the job easy for you.
Private caregivers supervises himself or herself. They are responsible for filling out their own social insurance or Social Security and Medicare payments and purchasing their own insurance policies.
Homeowners and car insurance| How do I protect assets that belong to my senior loved one(s)?
Accidents are not uncommon in the caregiving industry. If you were hiring a caregiver on your own, verify with your renters or homeowners insurance about coverage for “household employees” in case of an accident. If the caregiver will be driving your family car you will need to provide a copy of your caregivers drivers license to your current insurance agent. If the caregiver has a car, discuss the use of his/her car on the job and insurance coverage for transporting seniors.