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How To Get Paid as a Family Caregiver in New Mexico

Reviewed by Aidaly
April 10, 2024

Summary of Statistics

2.1 million

Population

0.3 million

Caregivers

250 million

Care Hours

$15.31

Value of Care/hour

$3.8 billion

Value of Care

Financial assistance for family caregivers is everywhere, you just need to know where to look for it. Annually, 419,000 residents in New Mexico provide unpaid care, with the financial burden adding to the stress of caring for a dependent loved one. 

By connecting family caregivers with state-specific tax benefits and payment opportunities, Aidaly works toward a better future for caregivers and those who receive care, alike. Understanding where to find financial assistance is of the utmost importance, which is why we’ve outlined some of the main funding sources in New Mexico.

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Tax Benefits In New Mexico

New Mexico offers tax benefits for family caregivers, relieving you from some of the financial pressure.

Child and Dependent Tax Credit

A percentage of care-related expenses can be compensated for with the CDCTC. In New Mexico, a family caregiver can earn $1,340 through this program — $240 above the federal level! You will have to claim the credit on Tax Form 2441. Find out more about the CDTC in New Mexico here.

Medical and Dental Expenses Tax Deductions 

Deductions on medical and dental expenses are incredibly useful in family caregiving settings as a dependent loved one often requires greater use of medical services. Exceeding 7.5% of your annual adjusted gross income with these relevant expenses qualifies you for this tax benefit. Learn more about these New Mexico tax deductions here.

Medicaid and Other State Benefits

Medicaid and state programs offer alternative methods for pay, allowing those who receive care to “employ” their family member as a caregiver. 

Medicaid Waiver

Medicaid waivers in New Mexico enable those who receive care to find alternative care systems, departing from institutionalization and external services. Consequently, a family caregiver can provide at-home care and receive funding by redirecting Medicaid payments that would otherwise go to long-term care services. Learn more here

Centennial Care Community Benefit Program

Through this program, elderly and disabled adults can receive care at home. This includes a personalized curation of care programs, such as hiring a family member as the primary caregiver. To qualify, your loved one must be a resident of New Mexico and eligible for Medicaid. Find out more here.

Veterans Benefits in New Mexico

Veterans in New Mexico are entitled to financial benefits to aid their care. The VA can therefore pay family caregivers as part of these plans. Learn more about national VA programs here.

Program of Comprehensive Assistance for Family Caregivers

The PCAFC provides a monthly stipend to family caregivers to improve access to care services and supplies. Generally, this stipend is valued up to $2,750. Eligibility is dependent on your Veteran having been injured severely in the line of duty, and requiring care as a result. Learn more about the PCFAC here.

Housebound Pension Benefit

The VA understands that some Veterans are unable to leave their homes. Due to the difficult nature of these circumstances, they developed this funding method to pay family caregivers an additional sum to help with care. This is worth up to $1,882 every month. Check to see if you’re eligible here.

Veteran Directed Home & Community Based Care

A Veteran can “hire” their family member as a caregiver through the VDC program. You can receive an hourly rate, generally between $8 and $21 per hour. Every Veteran who requires assistance with daily living can apply for this. More information regarding home-based services provided by the VA may be found here

The difficulty of caring for a dependent loved one cannot be underestimated. Fortunately, the credits and programs outlined above can relieve some of the financial burden that comes with caregiving. Aidaly advocates for family caregivers to receive their deserved pay and removes the barriers to accessing financial support. Contact us to get started.

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Frequently Asked Questions

How much does Aidaly cost?
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If your loved one has Medicaid, training and support is covered by Aidaly and is at no cost to you or your loved one. In fact, Aidaly helps get you paid for being a family caregiver.

How much do family caregivers get paid?
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Our rates vary by location, but are always $16/hour or higher. We understand your income provides safety and security to your family and we actively advocate on behalf of family caregivers and offer more competitive pay compared to the industry standard.

What do you provide to family caregivers?
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Aidaly provides training, support, and compensation to alleviate the financial burden of being a family caregiver. We know from personal experience how difficult caregiving can be. Aidaly also provides professional coaching, financial tools, and a peer-led community.

Is Aidaly HIPAA compliant?
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Yes, Aidaly is HIPAA compliant. Your information is safe with us.

Who does Aidaly help?
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Aidaly helps family caregivers get paid to provide care in the home through state Medicaid and Long Term Care programs. If your loved one does not have Medicaid or a LTC plan, our team can help you apply.

What areas do you currently serve?
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Aidaly is rapidly expanding across the U.S.! Enter your zip code to see if we offer services in your area.

What will training look like?
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We offer a blend of virtual and in-person training including CPR, which will certify you to provide in-home care to your loved one in your state. We also provide optional additional training opportunities on topics our caregivers have requested. Aidaly offers all of this training program free of charge to our caregivers.

How will I get paid?
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Aidaly will pay you through direct deposit into your bank account.

We jump every hurdle with  you. Let’s start today.