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Providing Support To Employers And Working Caregivers 6 14 2010 2

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Our “Elder Life Planning for Organizations” program allows non-profit and small eldercare enterprises to offer a comprehensive eldercare program to employers, banks, membership organizations and faith based communities without the significant capital outlay that would otherwise be required.
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  • 1. Creative Solutions for Working Caregivers Informed Eldercare Decisions, Inc. www.eldercareatwork.com 1-800-375-0595 bob@elderlifeplanning.com
  • 2. A “Good News, Bad News” Story: M en and women are living much longer <ul><li>Fastest growing segment of our population -people over 85 </li></ul><ul><li>At age 65, people can now expect to live 16-19 years longer </li></ul><ul><li>* Today there are 34 million seniors, by 2030 there will be 70 million </li></ul>
  • 3. The Problem: They are more likely to face severe disabilities <ul><li>Over half of the senior population report having at least 1 disability </li></ul><ul><li>One third of the senior population have a SEVERE disability </li></ul><ul><li>Half of all Americans are expected to need long term care during their life time </li></ul>
  • 4. The Problem: Millions of elderly with difficult choices <ul><li>* Preferred nursing homes waiting list 6 to 24 months </li></ul><ul><li>* Millions of Americans live a great distance away from those needing care and are unfamiliar with regional resources </li></ul><ul><li>* There is a severe shortage of adult, non-geriatric beds </li></ul><ul><li>* Over the next 50 years, individuals available for employment as caregivers will decrease by nearly two-thirds </li></ul>
  • 5. The Problem: Most people have no Fragmented “system” idea where to start <ul><li>* 70 % flunked a quiz about the facts of long term care </li></ul><ul><li>* Nearly half of survey respondents have done little or no long term care planning </li></ul><ul><li>* Service providers operate in a highly fragmented market </li></ul><ul><li>* There is a complex web of laws, legal documents and tax regulations that govern the provision of care </li></ul>
  • 6. Traditional Response: Most elder care is provided by family members <ul><li>* There are 25 million caregivers in the US </li></ul><ul><li>* Over 60% of these caregivers have been providing care for OVER 5 years </li></ul><ul><li>* More than 80% of care giving is done at home </li></ul><ul><li>* 47% of caregivers are employed </li></ul>
  • 7. Individual Impact TIME <ul><li>* 61% of caregivers spend 40 hours or MORE each week providing care </li></ul><ul><li>* 7 million people provide care to someone aged 55 or older living at least 1 hour away </li></ul><ul><li>* Family caregivers are responsible for coordinating care including physician visits, transportation, monitoring medications, respite care workers etc. </li></ul>
  • 8. Individual Impact: COST <ul><li>More Americans worry about paying for long term care than for retirement! </li></ul><ul><li>Neither Medicare or most other health insurance plans will pay for most long-term care costs </li></ul><ul><li>Yearly nursing home costs -$70,000 to 100,000 </li></ul><ul><li>Caregivers spend $24 billion annually of their own money </li></ul><ul><li>The cost of long term care could TRIPLE in the next 20 years </li></ul>
  • 9. Individual Impact: STRESS <ul><li>Caregivers say that their greatest needs are emotional support </li></ul><ul><li>58% of caregivers show symptoms of clinical depression </li></ul><ul><li>About 34% of caregivers say that they get no help from family or friends </li></ul><ul><li>Nearly 1 in 5 caregivers quit their jobs </li></ul>
  • 10. Employer Impact: LOST PRODUCTIVITY <ul><li>The annual cost to employers for lost productivity resulting from elder care is estimated at more than $30 billion </li></ul><ul><li>Caregiving is emotionally and physically draining and often impacts the quality of an employees work </li></ul><ul><li>* By 2005, over 35% of workers will be MORE concerned about caring for a parent than a child </li></ul>
  • 11. Employer Impact: LOSS OF COMPETITIVE EDGE <ul><li>Growth of workforce age groups next 20 years: </li></ul><ul><li>Number of 40 to 60 year old Workers GROWS. </li></ul><ul><li>Number of 25 to 40 year old Workers DECLINES </li></ul><ul><li>Major HR Issue next 2 decades= RETENTION </li></ul><ul><li>Eldercare WILL increase employee turnover </li></ul>
  • 12. Employer Impact: Increased health insurance costs <ul><li>Caregiver’s health declines due to stress and exhaustion </li></ul><ul><li>58% of caregivers show symptoms of clinical depression </li></ul>
  • 13. Personal Confusion, stress Options: and a very long wait <ul><li>Hope someone else will assume responsibility for the problem </li></ul><ul><li>Devote countless hours to learning about available options and hope you make the right choices </li></ul><ul><li>Wait a long time for your preferred choices to become available and in the interim accept full responsibility for care </li></ul><ul><li>* Accept options which were not your first or second choice </li></ul>
  • 14. Personal Professional Solution: care management <ul><li>Comprehensive assessment of patient needs and care planning </li></ul><ul><li>Analysis of most appropriate service options available </li></ul><ul><li>On-going coordination of care provided and services received </li></ul><ul><li>Development of financial strategies for managing cost of care </li></ul>
  • 15. More Solutions: S uitable and timely placement <ul><li>Retirement housing </li></ul><ul><li>Home care </li></ul><ul><li>Assisted living </li></ul><ul><li>Adult day health care </li></ul><ul><li>A national network that enables working caregivers to find services anywhere in the United States </li></ul>
  • 16. Elder Life Planning: Financial Protection <ul><li>Develop financial strategy for managing costs </li></ul><ul><li>Applicability of third party sources </li></ul><ul><li>Suitability of financial alternatives including long term care insurance, reverse equity mortgages and other funding options. </li></ul><ul><li>Money management and professional bill paying services </li></ul>
  • 17. Elder Life Planning: Peace of Mind <ul><li>Professional care management includes needs assessment and service options. Provides a “Roadmap” </li></ul><ul><li>On-going coordination of care and services </li></ul><ul><li>Suitable and timely placement </li></ul><ul><li>Special consulting services including elder law, account billing etc. </li></ul>
  • 18. Summary of ELPO Benefits <ul><li>   Responsive, customized solutions to the problem of caring for elder or disabled extended family members anywhere in the United States </li></ul><ul><li>  </li></ul><ul><li>   Helps employees stay on the job. Reduces absenteeism and “presenteeism”. Improves workforce productivity & retention </li></ul><ul><li>   Immediate assistance for caregivers </li></ul>
  • 19. More ELPO Benefits <ul><li>National network of nurses, social workers, financial, legal and insurance specialists </li></ul><ul><li>  Comprehensive package of elder and disability services with significant cost savings </li></ul><ul><li>  </li></ul><ul><li>Toll free number to consultation and referral center available 7 days a week (Multi-lingual capacity) Unlimited access </li></ul><ul><li>Customized information kits, Timely follow-up consultation </li></ul>
  • 20. Summary of ELPO Benefits <ul><li>  High tech but user friendly, “Elder Answers”: Continually updated, comprehensive web based information on thousands of facilities, providers, and other eldercare resources </li></ul><ul><li>Resources in every community: “All eldercare is local” </li></ul><ul><li>Resource Specialists to guide caregivers through the complex maze of legal, financial, eligibility: (Medicare/Medicaid/Veterans benefits, housing subsidies, public & non-profit funded community services) </li></ul>
  • 21. Innovations in Eldercare Services <ul><li>FIND OUT HOW YOUR SMALL BUSINESS OR NON-PROFIT CAN OFFER THIS COMPREHENSIVE NATIONWIDE PROGRAM IN THE COMMUNITIES YOU SERVE </li></ul><ul><li>Our “Elder Life Planning for Organizations” program can generate new revenue for non-profit agencies and small eldercare enterprises under your own brand. </li></ul><ul><li>Now you can offer a comprehensive eldercare program to employers, banks, membership associations and faith based communities in your market area, without the significant capital outlay that would be required to develop such a program from scratch. </li></ul><ul><li>If you’d like information on how to add this low cost caregiver support program to your current portfolio of services call Bob O’Toole or Jim Ferry at 1-800-375-0595 </li></ul>
  • 22. Elder Life Planning Creative Solutions for Working Caregivers Informed Decisions, Inc. www.eldercareatwork.com
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