One factor to consider is that you become the employer of the caregiver, which alters your tax information. Some agencies take care of this for you, but it is always a good idea to research how this service will impact your financial situation. However, they are also more inexpensive as opposed to nursing homes or residential settings. Based on the area of the country where you live and the type of services you seek, pay rates will be different, but on average, the caregiver makes $8 to $30 an hour.
Live in caregivers are an option for individuals who need on-call care at all times and who need extra support until they regain independence. In this setting, caregivers usually work with another live-in caregiver to split up the load. This way, each caregiver gets time off and has hours scheduled for personal business, vacation time, and days off throughout the week. Live in caregivers should expect to be provided for with room and board, and often they are reimbursed for travel costs. They typically make around $250-$450 a day and can cost up to $2,000 a month.