What you want to know before you hire a caregiver
Common questions and answers when you decide to hire a caregiver for a senior requiring assistance
Caregiver Payment-How it works?
When you hire a caregiver 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 senior care invoice template to give to your private caregiver to use which will keep all your care payments in order. Also included is a yearly tax receipt for senior care services 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 easily hire an accountant service that will prepare paychecks and appropriate withholding taxes for a fee. The accountant can also handle all of the year end financials.
All your caregiver has to do is keep his/her month to month paperwork in order each month (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 local 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.
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 or should be 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 security/social insurance, 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 private 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.