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Slide 1: Creative Solutions for Working Caregivers Informed Eldercare Decisions, Inc. www.eldercareatwork.com 1-800-375-0595 bob@elderlifeplanning.com
Slide 2: A “Good News, Bad News” Story: Men and women are living much longer  Fastest growing segment of our population -people over 85 At age 65, people can now expect to live 16-19 years longer * Today there are 34 million seniors, by 2030 there will be 70 million  
Slide 3: The Problem: They are more likely to face severe disabilities  Over half of the senior population report having at least 1 disability One third of the senior population have a SEVERE disability Half of all Americans are expected to need long term care during their life time  
Slide 4: The Problem: Millions of elderly with difficult choices   * Preferred nursing homes waiting list 6 to 24 months * Millions of Americans live a great distance away from those needing care and are unfamiliar with regional resources * There is a severe shortage of adult, non-geriatric beds * Over the next 50 years, individuals available for employment as caregivers will decrease by nearly twothirds  
Slide 5: The Problem: Most people have no Fragmented “system” idea where to start  * 70 % flunked a quiz about the facts of long term care * Nearly half of survey respondents have done little or no long term care planning * Service providers operate in a highly fragmented market * There is a complex web of laws, legal documents and tax regulations that govern the provision of care   
Slide 6: Traditional Response: Most elder care is provided by family members   * There are 25 million caregivers in the US * Over 60% of these caregivers have been providing care for OVER 5 years * More than 80% of care giving is done at home * 47% of caregivers are employed  
Slide 7: Individual Impact  TIME *61% of caregivers spend 40 hours or MORE each week providing care  * 7 million people provide care to someone aged 55 or older living at least 1 hour away * Family caregivers are responsible for coordinating care including physician visits, transportation, monitoring medications, respite care workers etc. 
Slide 8: Individual Impact:  COST More Americans worry about paying for long term care than for retirement! Neither Medicare or most other health insurance plans will pay for most long-term care costs Yearly nursing home costs -$70,000 to 100,000 Caregivers spend $24 billion annually of their own money The cost of long term care could TRIPLE in the next 20 years    
Slide 9: Individual Impact:  STRESS Caregivers say that their greatest needs are emotional support 58% of caregivers show symptoms of clinical depression About 34% of caregivers say that they get no help from family or friends Nearly 1 in 5 caregivers quit their jobs   
Slide 10: Employer Impact: LOST PRODUCTIVITY  The annual cost to employers for lost productivity resulting from elder care is estimated at more than $30 billion Caregiving is emotionally and physically draining and often impacts the quality of an employees work   * By 2005, over 35% of workers will be MORE concerned about caring for a parent than a child
Slide 11: Employer Impact: LOSS OF COMPETITIVE EDGE      Growth of workforce age groups next 20 years: Number of 40 to 60 year old Workers GROWS. Number of 25 to 40 year old Workers DECLINES Major HR Issue next 2 decades= RETENTION WILL increase employee turnover Eldercare
Slide 12: Employer Impact: Increased health insurance costs Caregiver’s health declines due to stress and exhaustion  58% of caregivers show symptoms of clinical depression 
Slide 13: Personal Options:  Confusion, stress and a very long wait Hope someone else will assume responsibility for the problem Devote countless hours to learning about available options and hope you make the right choices Wait a long time for your preferred choices to become available and in the interim accept full responsibility for care * Accept options which were not your first or second choice   
Slide 14: Personal Professional Solution: care management  Comprehensive assessment of patient needs and care planning    Analysis of most appropriate service options available On-going coordination of care provided and services received Development of financial strategies for managing cost of care
Slide 15: More Solutions:      Suitable and timely placement Retirement housing Home care Assisted living Adult day health care A national network that enables working caregivers to find services anywhere in the United States
Slide 16: Elder Life Planning:    Financial Protection Develop financial strategy for managing costs Applicability of third party sources Suitability of financial alternatives including long term care insurance, reverse equity mortgages and other funding options. Money management and professional bill paying services 
Slide 17: Elder Life Planning:  Peace of Mind Professional care management includes needs assessment and service options. Provides a “Roadmap” On-going coordination of care and services Suitable and timely placement Special consulting services including elder law, account billing etc.   
Slide 18: Summary of ELPO Benefits  • Responsive, customized solutions to the problem of caring for elder or disabled extended family members anywhere in the United States • Helps employees stay on the job. Reduces absenteeism and “presenteeism”. Improves workforce productivity & retention • Immediate assistance for caregivers   
Slide 19: More ELPO Benefits  National network of nurses, social workers, financial, legal and insurance specialists Comprehensive package of elder and disability services with significant cost savings Toll free number to consultation and referral center available 7 days a week (Multi-lingual capacity) Unlimited access Customized information kits, Timely follow-up consultation   
Slide 20: Summary of ELPO Benefits  High tech but user friendly, “Elder Answers”: Continually updated, comprehensive web based information on thousands of facilities, providers, and other eldercare resources Resources in every community: “All eldercare is local” 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)  
Slide 21:    FIND OUT HOW YOUR SMALL BUSINESS OR NON-PROFIT CAN OFFER THIS COMPREHENSIVE NATIONWIDE PROGRAM IN THE COMMUNITIES YOU SERVE Our “Elder Life Planning for Organizations” program can generate new revenue for non-profit agencies and small eldercare enterprises under your own brand. 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. 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   Innovations in Eldercare Services
Slide 22: Elder Life Planning Creative Solutions for Working Caregivers Informed Decisions, Inc. www.eldercareatwork.com