Summary of Statistics
As a family caregiver, you may be eligible for financial assistance through a number of different programs in Rhode Island. These programs can provide you with much-needed funding to help offset the costs of caregiving and allow you to continue providing high-quality care to your loved one.
Rhode Island Tax Benefits
As a family caregiver in Rhode Island, you may be able to take advantage of a number of tax breaks. These tax breaks can help you save on your taxes and ensure that you have more money available to put toward the costs of caregiving.
Some of the most common tax benefits for family caregivers in Rhode Island include the following:
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Temporary Disability / Caregiver Insurance
The Taxable Wage Base for 2022 is $81,500, and the employee wage deduction is 1.1%.
With this plan, you won’t have to wait at all as long as you’ve been unemployed due to illness or injury for at least seven days.
You may be eligible for monetary assistance if:
- You earned $14,700 in base period wages; or
- You earned $2,450 in one of the base period quarters, and your total base period wages were at least 1.5 times your highest quarter earnings. Your total base period earnings must also be at least $4,900.
If you have worked for a Rhode Island-covered employer and have a medically certified disability, you may be eligible for non-monetary benefits. Find out more here.
Medicaid and Other State Programs
Medicaid is a government-funded health insurance program that provides coverage for low-income individuals and families. Learn more about Medicaid here.
Other state-funded programs that may be able to help you with the costs of caregiving include the following:
- Rhode Island Senior Health Insurance Program (SHIP): SHIP provides counseling and assistance to Medicare beneficiaries in Rhode Island.
- Rhode Island Long-Term Care Partnership Program: The Long-Term Care Partnership Program helps people with long-term care insurance coverage plans for their future healthcare needs.
To learn more about these and other programs that can help you with the costs of caregiving, click here.
Veterans Benefits
U.S. Veterans are entitled to extra benefits through the Department of Veteran Affairs. If the loved one in your care is a Veteran based in Rhode Island, there are programs that may be available to help you. Learn more about this here.
The Veterans Aid and Attendance Program
The Veterans Aid and Attendance Program (VAA) provides an additional pension of up to $3,261 per month, separate from the normal VA pension. Qualifying Veterans can access these funds and use them to pay for care they may require, including paying family members that provide care. Visit this website for more information.
Program of Comprehensive Assistance for Family Caregivers
Family members that live with Veterans full time may be eligible for comprehensive assistance including monthly stipend payments, help with other expenses incurred while obtaining care, and training to help with caregiver duties. The program was recently extended to cover Veterans from any period of service. Visit this website to learn more.
Contact us today to learn how you can get paid as a family caregiver in Rhode Island. Our experts will guide you through the process and ensure that you get the financial compensation you deserve.