Workplace Eldercare

Assistance Program

• Eldercare issues appear suddenly after an accident or unexpected illness.

• Quick decisions are necessary with little or no preparation or education.

• Families often lack the skill or expertise required in assessing an elderly persons' needs or ability to live safely.

• The vastness of the situation is incomprehensible and exacerbated by little knowledge of community and governmental resources.

• No idea where to turn for assistance. 

Eldercare Issues & Stress

• Typically, a woman between the ages of 45 & 65, with 79% over the age of 50.

• 40% of caregivers are men.

• Approximately 15% provide care to someone who lives more than 1 hour away.

• Care provided is usually for a parent or grandparent and unpaid.

• An estimated 21% of all US households provide care for an adult family member.

Who is a Caregiver?

Above figures are provided by National Alliance for Care Giving & AARP 2004

About Caregiver Stress

• Caregiver stress is the emotional strain of care giving.

• Most caregivers juggle care giving with full-time jobs and parenting.

• Research shows that most dementia caregivers suffer from depression and stress.*

*Alzheimer’s Association 2006

Effects in the Workplace

• Lack of productivity

• Increased absenteeism

• Workday interruptions

• Presenteeism

• Lack of concentration

• Average loss of employee wage

wealth at retirement: $566,443.00.

• Nearly 40% of those surveyed reported that care giving affected their ability to advance on the job.

• 29% stated they had passed on a promotion due to care giving commitments.

Economic Issues

Above figures provided by MetLife Caregiving Cost Study June 2006: Productivity Losses to US Business

Caregiving & Work

70%

66%

12%

9%

6%

6%

3%

20%

Any of these

Go in late, leave early, take time off

Leave of absence

Reduce work hours or take less demanding job

Give up working entirely

Turn down a promotion

Lose any job benefits

Choose early retirement

Base: 2009 Caregivers who worked while caregiving(n=1,033)

Percentage Experiencing Each Impact

70%

66%

12%

9%

6%

6%

3%

20%

Any of these

Go in late, leave early, take time off

Leave of absence

Reduce work hours or take less demanding job

Give up working entirely

Turn down a promotion

Lose any job benefits

Choose early retirement

Base: 2009 Caregivers who worked while caregiving(n=1,033)

Percentage Experiencing Each Impact

69%*62%

65%*57%

18%17%

9%10%

7%6%

5%4%

4%5%

Caregivers of Recipient Age 18+

3%3%

2004(n=937)

2009(n=917)

69%*62%

65%*57%

18%17%

9%10%

7%6%

5%4%

4%5%

Caregivers of Recipient Age 18+

3%3%

2004(n=937)

2009(n=917)

68% of family caregivers caring for someone over the age of 50 are working

National Alliance for Caregiving 2009

Is your organization

offering employees an

eldercare benefit?

Why Care About Working Caregivers?

Sources: NAC/AARP/MetLife-Study (2009), Caring.com research

Caregiver audience is large . . . and works

• 43.5 million caring for adult family member 50+

• Over half (55%) also are holding down and FT or PT employment

A huge “silent workforce” providing unpaid care to aging loved ones:

More than 150x larger than Wall Street’s workforce

More than 175x larger than the automobile industry’s workforce

More than 20x larger than Walmart’s workforce

to address the growing work/life issue of elder caregiver stress in

the workplace.

is THE solution

Aging with Grace

• To educate the member on the options available and assists with creating a plan.

• To coordinate the needed services.

• To facilitate care options through the Aging with Grace Provider Network®.

Our Mission

How we can help

With this unique program, members have unlimited access to experts in the senior care field ready to answer questions and guide them and their family through the maze of eldercare options available.

. Care specialist assists with formulating

solutions

EducateOptions

Resources

Member speaks with Care

specialist to identify concerns

and gather necessary info.

Call to AWG

Senior Living Communities

Home Care

Services

Local and Regional

Resources

• Elder Law Attorneys

• Geriatric Care Mgr.

• Senior Move Managers

• Adult Day Care• Hospice Services

HOW THE AGING WITH GRACE PROCESS WORKS

Coordinate & Facilitate Needed service providers & programs

Provide information about Medicare or

Medicaid Eligibility.

If eligible for VA Disability Pension

assistance provided by an accredited Veteran

Service Representative.

Establish next steps

In Home Support Technology:

• * AWG Personal Health Record • * Medical Alert System * Medication Monitoring System* Free Medication Safety Program* FineThanx Automated Wellness Call System

Member Benefits• Unlimited telephonic access with experienced elder care

specialists for assistance with immediate needs and long term planning.

• Accredited Veteran Claims Agent to assist with identifying available VA Programs.

• Access to a dedicated area on the AWG web site that includes resource information and a Caregiver Tool Kit for Managing Care giver stress.

• Exclusive member discounts for senior services and programs from participating providers.

• Provider quality assurance and member satisfaction programs.

• Monthly caregiver eNewsletter.

A FREE service that helps monitor the safety of your medications

Your personal, portable medical record that goes wherever you go.

An affordable monthly support service that in an emergency you are not alone.

Personal support technology

Aging with Grace assists members to identify financial resources to plan all aspects of their long term care needs, including VA Pension Benefits under the direction of an Accredited Veteran Claims Agent.

Included with membership

• Individual Membership$39.95 per year

• Workplace Benefit

• Paid Benefit – as little as $.35 pm/pm

• Voluntary Benefit - $34.95/yr

Membership

Forward thinking employers are offering eldercare services to help their workers manage this growing workplace issue.

Taking good care of employees’ needs is taking

good care of business.

Number of Members 1000

Annual Price per Member 6.00

% of Members who will use AWG 10%

Annual Cost for Aging with Grace $6,000

Estimated Members who will use AWG 100

Category Annual Cost per Member Care Giver*

% Cost Reduction from Use of Aging with

Grace  

Productivity Gains from Use of Aging with

GraceReplacing Employees

$413 5% $21

Absenteeism $320 15% $48

Partial Absenteeism $121 25% $30Workday

Interruptions$394 75% $296

Eldercare Crisis $238 30% $71

Supervisor Time $113 5% $6

Unpaid Leave $212 5% $11

Full-time to Part-time $299 10% $30

Total $2,110     $513

Savings from use of Aging with Grace $51299

Return On Investment 856%

Employer ROI

Above figures are provided by MetLife Caregiving Cost Study June 2006: Productivity Losses to US Business

The AWG Program Provides

• Unlimited access to experts in the senior care field ready to answer questions and guide caregivers and their family through the maze of eldercare information, options, and services available.

• Access to the right kind of information which allows an employee to balance their commitments to career and family.

Call 800-626-9440 or visit

www.agingwithgrace.net

Copyright © 2010 by Aging with Grace™. All rights reserved.

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