Live-in positions require room and board. Board includes 3 meals a day provided by you. Some families choose to pay the caregiver a meal stipend of $9 per day and let them shop for themselves. This is in addition to the daily rate, and is the same when using a state licensed agency or hiring privately.
Home Owners Insurance / Umbrella Policy Add-on
Some clients tell us that their insurance agents recommend purchasing an add-on to their home owners insurance called an “Umbrella Policy” to help protect them against liabilities that occur in or on the property. Policies of $1,000,000 extra coverage can be had for as little as $300 per year, and we are told bring great peace of mind. Check with your insurance agent.
Workman’s Compensation Insurance
In 23 states workers comp insurance is required for W2 domestic employees. Those states are: Alaska, California, Colorado, Connecticut, Delaware, District of Columbia, Hawaii, Iowa, Illinois, Kansas, Kentucky, Maryland, Massachusetts, Michigan, Minnesota, New Hampshire, New Jersey, New York, Ohio, Oklahoma, South Dakota. Utah, and Washington.
You can obtain workers comp in most states through a HomePay partner, your homeonwers insurance, or your insurance agent.
The cost varies widely from state to state from as little as $250 to as much as $1800 per year.. Click on the below link to visit your states website that addresses workmans comp.
Caregiver Bonding and Insurance
You can bond a private hire caregiver to insure that you are reimbursed by the bond company for any proven dishonest acts by the individual. (google: dishonesty bond). Most agency caregivers are bonded for $10,000 or $25,000. Such a policy is called a Business Service Bond, and costs about $100-$150 per year, per private hire. If you are hiring an independent contractor, you can require them to be bonded. Most homeowners insurance policies will cover the same type of theft at no additional cost to you so check with your agent before offering to pay for a caregivers bond.
Grandma Joans is national partners with HomePay, the largest doestic payroll service in the US. We strongly reccomend that you use a payroll service to pay your live-in. The cost averages just $21 per pay check to use their service, and they handle everything for you, including all tax withholdings, state filings, paychecks and empoyee paperwork. All you need to do is log into your account at the end of each week and report their hours. You pay HomePay and they pay the live-in. Simple.
Visit them at : www.myHomePay.com/GrandmaJoans or click on their logo below.