Employing Caregivers: Tax & Legal Issues Advisors Need to Know: Dec 14 from 12 to 1pm
There are more than 5 million Americans currently living with Alzheimer’s disease and more than 15 million family caregivers who care for them. Within the next ten years, that number is projected to increase by forty percent and the cost of care is staggering. In the US alone, aggregate payments for health care costs for Alzheimer’s disease and dementia in 2015 exceeded $235 billion. Many costs not covered by Medicare are born by families who provide 80% of the unpaid long term care in this country.
This coupled with several recent legislative and regulatory changes, have experts anticipating a significant increase in privately-employed senior caregivers. Tom Breedlove, Director of Care.com HomePay, the country’s leading household employment specialist, will share information that advisors will need to know in order to advise their clients about new state and federal household employment compliance obligations – with a special focus on senior care.
1 CFP CE pending approval