Summary of Statistics
For those living in Illinois, the prospect of getting paid for being a caregiver might seem daunting. Fortunately, Aidaly is here to help make it easier to get paid for your valuable time and effort.
At Aidaly, we are committed to providing a platform that helps caregivers in Illinois get the recognition and financial compensation they deserve.
With Aidaly, you have access to Illinois resources that can help ensure that you get paid for being a caregiver. We provide you with information on the types of programs available, how to apply for them, and what steps you need to take in order to get paid.
We also make it easy to track payments, stay organized, and access important resources like tax forms. With Aidaly, caregivers in Illinois can easily find the financial resources they need to make their caregiving experience both rewarding and profitable.
Let’s explore some of Illinois’ most popular financial assistance programs for caregivers and how Aidaly can help you apply for them.
Over 3.4 million Illinois residents are enrolled in Medicaid, a state program that offers health insurance and medical assistance to people who meet certain income and health requirements. Illinois Medicaid also offers Home and Community-Based Services Waiver Programs (HCBS Waivers).
These are special programs that provide services that enable people to live safely in their own homes or in community settings, instead of living in a nursing home or an institutional setting. Some programs allow family members to become paid caregivers for their loved ones by working with a home care agency.
In order to qualify, individuals must meet income restrictions and be at risk of being placed in a nursing facility or other institution. Different waivers have different requirements, so it’s important to work with a case manager.
Waivers can pay for in-home care and services and may be able to pay family caregivers. They include:
- Persons who are Elderly (Community Care Program)
- Persons with Disabilities
- Persons with HIV or AIDS
- Persons with Brain Injury
The U.S. government offers a number of options for financial relief to tax-paying citizens.
Illinois caregivers may be eligible for four tax credits and deductions that can save you money. Find out more about each one below.
1. The Child Tax Credit and Tax Credit for Other Dependents
People who claim their children or other dependents on their federal tax return can receive up to $2,000 for each qualified dependent. This credit is fully refundable, which means that you can get the money even if you owe no taxes. To receive the credit, you must meet certain income requirements. Learn more here.
2. The Child and Dependent Care Tax Credit
If you paid someone to care for your loved one while you were at work, or while you were looking for work, you can get money back even if you owe no taxes. Up to $8,000 of what you paid for daycare, day camps, babysitting, adult day programs, or caregiving while you were working or looking for work can be claimed. Learn more here.
3. Medical and Dental Expenses Tax Deductions
If you spent more than 7.5% of your adjusted gross income (AGI) on medical or dental expenses that weren’t paid back by your insurance, you can deduct that money from your taxable income and owe less on your taxes. You can count any money you spent on eligible expenses for yourself, your spouse, and your dependents, so it can add up quickly. Learn more here.
4. Illinois Education Expenses Credit
If you spent more than $250 on tuition, fees, or certain supplies for your dependent child’s schooling, you may receive up to $750 back in your Illinois state tax return. While there are some income requirements, 98% of Illinois tax paying families with children in K-12 education qualify for some benefit. Learn more here.
Veterans and certain surviving spouses of Veterans may be eligible for monetary and medical assistance from the Department of Veterans Affairs (VA). If a Veteran needs home care services and is unable to cover the cost, Medicaid can help — but only if the Veteran has limited or no income. The VA can provide financial aid for those who qualify.
Financial assistance may also be available through Aid and Attendance, a pension benefit that helps pay for in-home care. To apply, Veterans must submit an application to the VA Regional Office. Veterans of any age who have served during wartime may qualify for benefits from the VA. These benefits can include medical care, monthly payments, and survivor benefits.
Aid and Attendance can provide financial assistance to veterans who require care due to age, disability, or a service-related injury. It pays for services such as assistance with bathing, dressing, eating, and mobility. Learn more here.
Veterans must meet certain requirements to receive the benefit. If you wish to apply, you should contact your local VA Regional Office or a veterans service organization to find out more information.
Program of Comprehensive Assistance for Family Caregivers (PCAFC)
The PCAFC provides support to family caregivers caring for eligible Veterans who sustained serious injury or illness in the line of duty. Benefits include a monthly payment, health care insurance, counseling, and reimbursement for traveling to the Veteran’s appointments. Find out more about the program here.
These funds can help make it easier for caregivers in Illinois to provide high-quality care and support Veterans and their families during a difficult time. With proper planning, you can ensure that your loved one is well taken care of while also getting the support you need.
We invite you to explore Aidaly and see if you qualify for our caregiver support services which includes completing the paperwork needed to qualify for the above programs and benefits.