Concerns of The Sandwich Generation

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“The Sandwich Generation is costing U.S. Businesses $17.1 Billion to $33.6 Billion per year in productivity for caregivers who take time from their work responsibilities to provide care” Source: The Hidden Cost of Caregiving, Metlife Mature Market Institute, August 2006:

The Sandwich Generation Definition: Represents those who care not only for their own children but also act in a caregiver role for their own parent(s). Source: www.people.vcu.edu/~swharkin/swhpages/glossary.htm

Who is “The Sandwich Generation”? “One out of every eight “Itis estimated that Americans, ages 40 to American families 60, is raising a child provide 80 to 90 and caring for a parent percent of all in-home at home. On top of long term care services that, seven to 10 for their aging family million Americans are members, disabled caring for their aging adult children and other parents from a long loved ones.” distance away.” Source: http://www.caregiver.com/ channels/rural/articles/ Source: http://pewresearch.org/assets/ sandwich_generation.htm social/pdf/release120805.pdf

The Sandwich Generation … Is estimated to be 22% of the American population. Is generally between the ages of 40 and 60. Is a signiﬁcant part of the workforce. Are generally family members. Is nearly one-third male.

Concerns of The Sandwich Generation Lifespan: late 80’s and 90’s Outliving their finances Increase in cost of care Decline in financial markets

The Normal Aging Process Loss or At age 65, risk At age 70, decrease in … of… onset of… •  Vision • Falls and bone •  Cardio-Vascular • Hearing fractures • Diabetes • Reaction time • Parkinson’s • Metabolism • Dementia • Taste buds • Alzheimer’s • Reflexes • Cancer • Memory

What does this mean in the terms of care giving? Daily living… Coordinating & Managing…   Financial Assistance   With doctors   Hands on care   Home Care   Transportation   Other geriatric professionals   Banking   Illnesses or hospitalization   Household   Other emergencies

HOW DOES THIS AFFECT YOUR CLIENTS’ EMPLOYEES? 9

Meet Bob…..

Scenario #1 – Beatrice is self-sufficient •  Beatrice drives to her Mahjong game every day. •  One day, Beatrice gets into a car accident. •  Beatrice is hospitalized in critical care. What does Bob do now? Identify Geriatric Care Management Services companies EAP can • Crisis Intervention offer • Advocacy/Retention

Scenario #2 – Beatrice has serious health issues •  Beatrice has been in the hospital for the past four months. •  Prior to that, she was in and out of the hospital with various illnesses. •  Bob flies to Florida to see Mom. What does Bob do now? Identify Surrogate Family Member services Services •  Provide assessment of medical situation EAP can offer •  Oversee proper care •  Provide necessary communication •  Advocacy/Retention

Scenario #3 – Beatrice lives on her own, but is beginning to make poor decisions. •  Beatrice is beginning to be forgetful, has more medical issues, and is no longer as self-sufficient. What does Bob do now? Identify Geriatric Care Management companies •  Meet with Beatrice and identify issues Services •  Communicate with family EAP can •  Become Surrogate Family Member offer •  Address issues on families behalf •  Refer to Eldercare Professional •  Advocacy/Retention

How Do The Issues Facing The Sandwich Generation Affect Your Clients?

The annual cost of employees with elder care responsibilities to U.S. business according to MetLife Mature Market Institute are: Absenteeism due to caring responsibilities Routine distractions & other $33.6B loss of productivity costs Hiring and training new staff Dealing with crisis during work day

Implications of the Sandwich Generation on EAPs:

Examples of Services EAP can Provide •  Referral list of network providers   Home Health Care companies   Geriatric Care Companies   Geriatric Care Managers   Local Agencies   Other Specific Organizations

Benefit to employees with access to Eldercare Assistance Programs:

“Rules of Thumb” for selecting an Elder Care Professional

Summary

Concerns of The Sandwich Generation

by bocahomecare on Oct 25, 2010

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Concerns of The Sandwich Generation — Presentation Transcript

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