who provides funding for home care of elderly parent by child?

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This sounds like a Long-Term Care issue, and I am assuming you are in the US.

With the passage of the Deficit Reduction Act, which took effect January 1 of 06, we are each responsible for paying for our own long-term care unless we qualify for welfare.

To qualify for welfare, you must not have any saving or investments totaling $2000 or more, and you are not allowed to have more than $500,000 of equity in your home,(in some states $750,000). Your parents are also not allowed to gift money and assets away so that they can qualify for welfare either. The President basically closed all of the loopholes that once allowed the middle class and the wealthy to qualify for government long-term care, which was created for the poor.

If your parents qualify for welfare, you should get them signed up. If not, and they are healthy and under 89 years old, you should consider Long-term care insurance, or maybe doing a reverse mortgage if they own a home.

Good luck!

Other Answers:
The child.

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who provides funding for home care of elderly parent by child?

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