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Budgeting for PCAs
I know this is a difficult question, but I figured it wouldn’t hurt to ask.
I currently live with my parents, and they are my sole caregivers. As they age, we are finally starting to plan for the future, both in terms of caregiving and finances. I am starting by planning a budget for how much I need to live on. Most of that is easy to calculate based on our current expenses, but I’ve realized I have no idea how much to budget for the cost of caregivers.
I was diagnosed as being between Type II and Type III – I need a caregiver around most of the time (I can only be on my own for a couple hours at a time), but I don’t need specialized nursing – my needs are constant, but not complex. I live in Maryland, and Medicaid is my only insurance. Obviously, I’ll take time to transition into using PCAs, but once I’m relying on them full time, does anyone have any idea how much that will cost, and how much Medicaid will pay for?