2. Founded in 1985, Friends Life Care is a nonprofit Quaker organization serving eastern Pennsylvania and Delaware • Telephone: 215-628-8964 • Fax: 215-628-9089 • www.friendslifecare.org
Agenda
Who is Friends Life Care?
Why do you need long-term care protection?
How does long-term care protection work?
How does Friends Life Care compare with other
options?
3. Founded in 1985, Friends Life Care is a nonprofit Quaker organization serving eastern Pennsylvania and Delaware • Telephone: 215-628-8964 • Fax: 215-628-9089 • www.friendslifecare.org
Who Is Friends Life Care?
Foundation/mission
Philosophy and approach to
vital aging
Financial oversight
4. Founded in 1985, Friends Life Care is a nonprofit Quaker organization serving eastern Pennsylvania and Delaware • Telephone: 215-628-8964 • Fax: 215-628-9089 • www.friendslifecare.org
History
Founded in 1985
Mission to help people remain in their homes as
they age
First and largest organization of its kind in the U.S.
Nonprofit Quaker-based organization
5. Founded in 1985, Friends Life Care is a nonprofit Quaker organization serving eastern Pennsylvania and Delaware • Telephone: 215-628-8964 • Fax: 215-628-9089 • www.friendslifecare.org
Friends Life Care Philosophy
Distinctive approach to independent aging
Based on prevention and whole-health promotion
Two-pronged partnership in vital aging
(staving off decline/providing a safety net)
Security, vitality, independence
VigR™
6. Founded in 1985, Friends Life Care is a nonprofit Quaker organization serving eastern Pennsylvania and Delaware • Telephone: 215-628-8964 • Fax: 215-628-9089 • www.friendslifecare.org
Who Provides Oversight?
PA Department of Insurance (CCRC)
• Annual independent audit
• Annual disclosure statement
Actuarial oversight
• Annual valuation by credentialed actuary (FSA, MAAA)
• Valuation independently audited
7. Founded in 1985, Friends Life Care is a nonprofit Quaker organization serving eastern Pennsylvania and Delaware • Telephone: 215-628-8964 • Fax: 215-628-9089 • www.friendslifecare.org
Who Provides Oversight?
Annual informational returns filed
• IRS (Form 990)
• PA Bureau of Charitable Organizations
Independent governing board
• Highly credentialed professionals (finance, elder law, managed
care, etc.)
• Quakers (majority)
8. Founded in 1985, Friends Life Care is a nonprofit Quaker organization serving eastern Pennsylvania and Delaware • Telephone: 215-628-8964 • Fax: 215-628-9089 • www.friendslifecare.org
Why Are You Here Today?
Lifestyle choices – considering options
Health issues – concerned about a change
Financial considerations – protecting assets
Peace of mind – “Who will take care of me?”
Have long-term care insurance, want to understand
alternatives/options
Husband/wife/partner made you attend
Free lunch
9. Founded in 1985, Friends Life Care is a nonprofit Quaker organization serving eastern Pennsylvania and Delaware • Telephone: 215-628-8964 • Fax: 215-628-9089 • www.friendslifecare.org
Lifestyle Choices
Do you want to stay in your home
for the rest of your life?
What is an adult community
(55+)?
What is a continuing care
retirement community (CCRC)?
10. Founded in 1985, Friends Life Care is a nonprofit Quaker organization serving eastern Pennsylvania and Delaware • Telephone: 215-628-8964 • Fax: 215-628-9089 • www.friendslifecare.org
Health Issues
What type of lifestyle do you currently lead?
Active?
How long will you live?
What will your health be like in the future?
Are you prepared for a change in health?
(gradual or rapid)
Are you interested in expanding your knowledge
about healthy aging?
11. Founded in 1985, Friends Life Care is a nonprofit Quaker organization serving eastern Pennsylvania and Delaware • Telephone: 215-628-8964 • Fax: 215-628-9089 • www.friendslifecare.org
Financial Considerations
How will you protect your assets?
If you need care at home
unexpectedly, how will you pay for
it?
Will you outlive your income?
12. Founded in 1985, Friends Life Care is a nonprofit Quaker organization serving eastern Pennsylvania and Delaware • Telephone: 215-628-8964 • Fax: 215-628-9089 • www.friendslifecare.org
You Have Long-Term Care Insurance
Some people add Friends Life Care
membership to existing insurance
policy
Why? Care Coordination and
health/wellness support (VigR™)!
13. Founded in 1985, Friends Life Care is a nonprofit Quaker organization serving eastern Pennsylvania and Delaware • Telephone: 215-628-8964 • Fax: 215-628-9089 • www.friendslifecare.org
Peace of Mind
Where will you turn if you
need care?
How will you pay for it?
14. Founded in 1985, Friends Life Care is a nonprofit Quaker organization serving eastern Pennsylvania and Delaware • Telephone: 215-628-8964 • Fax: 215-628-9089 • www.friendslifecare.org
Why Do You Need
Some Form
of Long-Term Care
Protection?
15. Founded in 1985, Friends Life Care is a nonprofit Quaker organization serving eastern Pennsylvania and Delaware • Telephone: 215-628-8964 • Fax: 215-628-9089 • www.friendslifecare.org
Consider the Odds
70% of people over age 65 will require some form
of long-term care
Probability of using that care for more than one
year: high
• Women – 85% with average of 4.2 years in care
• Men – 77% with average of 2.9 years in care
16. Founded in 1985, Friends Life Care is a nonprofit Quaker organization serving eastern Pennsylvania and Delaware • Telephone: 215-628-8964 • Fax: 215-628-9089 • www.friendslifecare.org
The Costs of Care Are High
$77,000 to $100,000 a year, per person
Average of 3 years of care
At least $231,000 to $300,000 total out of pocket,
per person, for 3 years of care
17. Founded in 1985, Friends Life Care is a nonprofit Quaker organization serving eastern Pennsylvania and Delaware • Telephone: 215-628-8964 • Fax: 215-628-9089 • www.friendslifecare.org
What Does Medicare Actually Cover?
100 days of skilled care in a nursing home
• First 20 days fully paid
• Next 21–100 days partially paid (co-pay)
• After 100 days, you pay out-of-pocket
Custodial (convalescent) care: $0 paid
18. Founded in 1985, Friends Life Care is a nonprofit Quaker organization serving eastern Pennsylvania and Delaware • Telephone: 215-628-8964 • Fax: 215-628-9089 • www.friendslifecare.org
Long-Term Care
1. Your family provides care
2. Medicaid – low-income assistance
• Acts 42 and 43
• “Look-back” periods increased
3. Self-insure through savings
4. Transfer the risk to a long-term care solution
19. Founded in 1985, Friends Life Care is a nonprofit Quaker organization serving eastern Pennsylvania and Delaware • Telephone: 215-628-8964 • Fax: 215-628-9089 • www.friendslifecare.org
Friends Life Care Membership
Provides support and resources to help you
remain in your home
Partnership begins as soon as you join
• Care Coordinator is key
• VigR™: Integrated whole-health model
• Quarterly member meetings
20. Founded in 1985, Friends Life Care is a nonprofit Quaker organization serving eastern Pennsylvania and Delaware • Telephone: 215-628-8964 • Fax: 215-628-9089 • www.friendslifecare.org
VigR™ (Vitality, Independence, Growth and Resilience)
Helps stave off the effects of chronological aging
Proactive, research-based model helps members
improve and extend their mental and physical
health and resilience
Opportunities to better understand and improve
the four essential factors that make the difference
between aging and aging well
21. Founded in 1985, Friends Life Care is a nonprofit Quaker organization serving eastern Pennsylvania and Delaware • Telephone: 215-628-8964 • Fax: 215-628-9089 • www.friendslifecare.org
VigR™
Examples:
• VigR Assessments
• VigR Enrichment Workshops
• VigR eMeetinghouse: Online
health resource and social
community
22. Founded in 1985, Friends Life Care is a nonprofit Quaker organization serving eastern Pennsylvania and Delaware • Telephone: 215-628-8964 • Fax: 215-628-9089 • www.friendslifecare.org
The Friends Life Care Plan
Daily benefits and benefit periods
• $75–$250 per day (in $25 increments)
• 2, 3, 4, 5 and 7 year
• 0- to 365-day (private pay option)
• Cost of living adjustment
• Shared care
23. Founded in 1985, Friends Life Care is a nonprofit Quaker organization serving eastern Pennsylvania and Delaware • Telephone: 215-628-8964 • Fax: 215-628-9089 • www.friendslifecare.org
The Friends Life Care Plan
Care coordination, 24/7
• Dedicated network of credentialed caregivers
• Oversight of care providers
• No claims to process – transparent, hassle-free
24. Founded in 1985, Friends Life Care is a nonprofit Quaker organization serving eastern Pennsylvania and Delaware • Telephone: 215-628-8964 • Fax: 215-628-9089 • www.friendslifecare.org
The Friends Life Care Difference
Care Coordinators:
Multidisciplinary team of professionals
• Personalized attention, on call 24/7
• Personal visits, monitoring and follow-up
• Your partner in preventative care: VigR, health assessments
• Your health care navigator, guiding and supporting you through
the complex health care system
• Intimate knowledge of the best caregivers/support
25. Founded in 1985, Friends Life Care is a nonprofit Quaker organization serving eastern Pennsylvania and Delaware • Telephone: 215-628-8964 • Fax: 215-628-9089 • www.friendslifecare.org
The Friends Life Care Difference
Team of Care Coordinators
Wellness Coordinator vs. Care Coordinator
How your Coordinator stays in contact
Why a member may transition from a Wellness
Coordinator to a Care Coordinator
26. Founded in 1985, Friends Life Care is a nonprofit Quaker organization serving eastern Pennsylvania and Delaware • Telephone: 215-628-8964 • Fax: 215-628-9089 • www.friendslifecare.org
The Friends Life Care Difference
Care in your own home
• Caregivers screened and selected according to our exclusive
Quality Credentialing Process™
• Referral and coordination of RN, LPN and physical therapy, as
needed
• Hourly, daily, or live-in care
27. Founded in 1985, Friends Life Care is a nonprofit Quaker organization serving eastern Pennsylvania and Delaware • Telephone: 215-628-8964 • Fax: 215-628-9089 • www.friendslifecare.org
The Friends Life Care Difference
Mission to help you remain in your home as you
age
100% tax-deductible fees (check with tax advisor)
20% household discount
100% portability if you move within the U.S.
No hassles or paperwork — just a phone call away!
28. Founded in 1985, Friends Life Care is a nonprofit Quaker organization serving eastern Pennsylvania and Delaware • Telephone: 215-628-8964 • Fax: 215-628-9089 • www.friendslifecare.org
The Hard Questions
Where will you turn for the
care you need?
How will you pay for it?
29. Founded in 1985, Friends Life Care is a nonprofit Quaker organization serving eastern Pennsylvania and Delaware • Telephone: 215-628-8964 • Fax: 215-628-9089 • www.friendslifecare.org
Friends Life Care: Partnership Through Time
In health: VigR™, Care Coordinator relationship and
support, ongoing health/wellness assessments
In sickness: If you need care, Care Coordinator
knows you, arranges and oversees everything, acts
as your advocate
Friends Life Care Membership = Peace of Mind