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Are there any types of financial assistance programs that can help grandparents who are raising their grandkids?I have two grandchildren who are about to permanently move in with my husband and me, and we could use some help.And finally, use benefitscheckup.org, a comprehensive web resource that helps you search for additional financial assistance programs that you may be eligible for, such as lower energy bills, discounts on prescription medications and more.
Grandparents and kin caregivers provide stable, loving homes for children that is often lacking in foster care, which is why it is so vital to ensure that these caregivers receive support and resources that are available to them.There's also the Earned Income Tax Credit or EITC which is available to those with moderate to low incomes, or the Child Tax Credit if you make too much money to qualify for the EITC.If you're working, and are incurring child care expenses in order to work, there's a Child and Dependent Care Credit that can help.The work AARP New York does to support kin caregivers is made possible by support from the AARP Foundation through a generous grant from the New York Life Foundation.
Through this grant, AARP and the New York State Kincare Coalition are able to help kin caregivers as they raise the children in their care and call attention to their often overlooked needs.Health Insurance If your grandkids need health insurance, depending on your income level, you may be able to get free or low-cost health insurance through your state's Medicaid and the Children's Health Insurance Program. Legal Issues You also need to talk to a family law attorney to discuss the pros and cons of obtaining legal guardianship, custody or adoption.