The Lasting Impact of Employer-Sponsored Back-up Care, a study conducted by at Bowling Green State University, confirms that working men and women ages 40 to 60 are embracing elder care supports in order to focus and remain productive at workwhile feeling confident that their aging parent,or spouse, has access to qualitycare.
Nearly 100% said that having an elder care benefit like the Back-Up Care Advantage Program has provided them with a level of comfort and increased their productivity.
Nearly 70% of those surveyed who used the elder care benefit said that this benefit has allowed them to work on a day they would have otherwise missed, and, on average, having access to adult back-up care has allowed employees to work six days in the past six months that they otherwise would have missed.
Eldercare and Older-Adult Information and Referral Center
"...increasingly people will struggle to keep a job as the demand to provide unpaid care for aging relatives (e.g. parents, aunts, uncles, friends, adult siblings) grows exponentially. Ultimately, this demand will far exceed the current level of supports in the community and the public funds available to pay for those minimal supports."
More and more individuals and employers will find they need to fill the gap financially and physically, and the worst is yet to come. But we aren’t talking about it. At least not yet; however, that’s going to have change.
What does eldercare/adult caregiving look like in action?
A couple of months ago, AARP in partnership with the Ad Council launched a three-year public service campaign to raise awareness of the tens of millions of unpaid family caregivers in the U.S. today.
If you haven’t seen it, check it out here. It is worth three minutes. http://www.youtube.com/watch?v=9pOGez_AmDY&feature=youtu.be
The Elder Life Planning for Organizations program provides a well developed national network of experienced professionals who deal with specific caregiving issues including elder mental health issues, specialized housing issues, eligibility for publicly funded programs, specialists on financing costs of long-term care, as well as experts who specialize in estate planning and elder legal issues anywhere in the U.S.
Employers and their trade associations can offer the program to employees and their extended family members for a modest monthly fee. As the facts and figures below demonstrate, this modest fee will result in significant cost savings to the forward thinking employers who make it available to their working caregivers.
To find out how your company, bank, or other organization can offer this low-cost, high-value benefit, contact Bob O’Toole at Informed Eldercare Decisions, LLC 1-800-375-0595.