Supporting Financial Relief for Family Caregivers

Family caregivers provide essential support that allows millions of older adults and people with health needs to remain in their homes and communities. Yet this care often comes with significant financial strain. On average, family caregivers spend more than $7,200 out of pocket each year, or about 26 percent of their income, to help care for a loved one.

Quality of Life Foundation is one of the 95 organizations that signed a letter to Congress, led by AARP, urging support for the bipartisan Lowering Costs for Caregivers Act (S. 1565/H.R. 138). This legislation will help ease financial pressure by allowing caregivers to use certain tax-advantaged health accounts to cover qualified medical expenses for a parent or parent-in-law, as well as for the individual’s spouse and dependents, as currently permitted by law.

Supporting family caregivers strengthens families and helps people remain at home rather than in more costly institutional care.

Read the full coalition letter to Congress below: