Technology is changing how we care for seniors, and with the number of seniors in the U.S. expected to double by 2050, entrepreneurs are investing in new technologies designed specifically for the senior population. This trend has the potential to improve the lives of not only seniors, but also those who care for America's aging population as well.
The final ruling on the Federal Companionship Exemption took place recently as a result of a new proposal by the Obama administration. On the surface, the issue appears to be the eligibility of in-home caregivers to receive fair wages and overtime pay. Up until now, daily live-in senior care has been exempt from overtime pay under the companionship exemption within the federal Fair Labor Standards Act (FLSA)