For Employers. Elderlife Benefit Support!
Elder care is a rising employee and employer cost challenge. According to MetLife, the proportion of adult children providing personal care and/or financial assistance to a parent has more than tripled over the past 15 years. The study moreover estimates that an individual employee forced to give up work to care fo an elderly parent foregoes close to $303,000 in income and future benefits as a result of dropping out of the workforce.
Odds are an employee caring for an elderly parent has a lot to juggle: from finding home care to locating the right senior living community; to exploring how to pay for it; to moving mom or dad; to cleaning, staging and then listing a home; to obtaining benefits. Elderlife’s Financial Concierge service, provided as a benefit to employers in your organization, can help with many of their financial arrangements.
Existing benefit programs focus on living arrangements. Yet immediately after the question of living arrangements is the question of financial arrangements! Very few benefit programs provide the network of available financial solutions, as well as thousands of available senior living communities ready to help families and seniors pay for senior housing and care. In one call, Elderlife can provide many solutions. To learn how Elderlife’s Financial Concierge service and network of senior living communities can provide peace of mind and relief to your employees, contact us today.