Your Employees Health at Risk from Eldercare

Written by Kevin K. Johnson, CSA

Did you know that if your employee is responsible for taking care of an elderly relative, it will likely impact that employees health and your bottom line. Employees in the U.S. who are caring for an older relative are more likely to report health problems like depression, diabetes, hypertension or heart disease, costing employers an estimated average additional health care cost of 8% per year, or $13.4 billion annually according to the MetLife Study of Working Caregivers and Employer Health Care Costs.

The report also found that younger caregivers (ages 18-39) cost their employers 11% more for health care than non-caregivers, while male caregivers cost an additional 18%. It also found that eldercare may be closely associated with high-risk behaviors like smoking and alcohol consumption.

Sandra Timmermann, Ed.D., director of MetLife mature market Institute says that “while this news may be distressing, our research points out that coordination of eldercare services and wellness initiatives may open new avenues of innovation to benefit both employees and employers”.

For companies throughout Cleveland and northeast Ohio, Caring Concierge has introduced an innovative approach that enables employers to address both sides of this serious issue.

Advertisements
%d bloggers like this: