50%
Half of Americans are providing some form of care for an ailing or aging adult.
It’s no surprise that most employees feel significant stress at their daily jobs. For those caring for an aging or ailing adult, many will show signs of clinical depression. Caregiven is an effective wellness tool that guides users to the benefits, services and support to decrease the isolation and overwhelming feelings associated with caregiving.
The annual out-of-pocket cost for caring for an aging or ailing adult could reach or exceed $10,000. Caregiven helps by serving as a “expense concierge” to help users streamline their expenses, as well as optimize their existing benefits to ensure they remain healthy and productive on their caregiving journey.
The overall financial impact to caregivers can be substantially higher than just out-of-pocket expenses if they have to reduce their working hours, decline a promotion, or even leave the workforce entirely. Caregiven guides users to the financial resources that will help provide the best care, while ensuring their own financial future is not in jeopardy.
Laws and regulations around paid family leave are changing, with more states instituting leave mandates and bereavement policies in the post-pandemic era. Caregiven helps employees understand the paid and unpaid benefits available to them as a caregiver, while providing guidance to collaborate with their employer so they can retain their jobs and reduce the impact on other colleagues.
According to research completed by S&P Global in conjunction with AARP, companies reporting the lowest voluntary turnover rates offer more “family friendly” benefits to their employees and usually produce stronger overall results.
As a broker, you understand the value you can bring your clients by helping them retain competent and dedicated employees. Workforce turnover is expensive, and training new employees can create gaps in performance and quality control, which could negatively impact sales or lead to the loss of a client.
Half of Americans are providing some form of care for an ailing or aging adult.
Over three-quarters of informal caregivers do not ask for or receive formal training or support to help with their caregiving responsibilities.
Of the 15 percent of informal caregivers who leave work, 75 percent are supervisors and 60 percent are senior managers.
A Caregiver Impact Number is the estimated economic impact that caregiving employees are most likely having on their employer. No organization is immune to the impact of caregiving. In fact, Corporate Wellness Magazine recently reported that turnover, absences, medical cost and loss of productivity related to employee caregiving can cost U.S. companies up to $33.6 billion annually.
Keep in mind that caregiving employees are some of your clients’ most valuable contributors — excellent at time management, conflict resolution, negotiation and maximizing budget resources.
Click on the button below to learn more and determine your Caregiver Impact Number.
It’s no surprise that most employees feel significant stress at their daily jobs. For those caring for an aging or ailing adult, many will show signs of clinical depression. Caregiven is an effective wellness tool that guides users to the benefits, services and support to decrease the isolation and overwhelming feelings associated with caregiving.
On average, the annual out-of-pocket cost for caring for an aging or ailing adult is $7,700.* Caregiven helps by serving as a “expense concierge” to help users streamline their expenses, as well as optimize their existing benefits to ensure they remain healthy and productive on their caregiving journey.
The overall financial impact to caregivers can be substantially higher than just out-of-pocket expenses if they have to reduce their working hours, decline a promotion, or even leave the workforce entirely. Caregiven guides users to the financial resources that will help provide the best care, while ensuring their own financial future is not in jeopardy.
Laws and regulations around paid family leave are changing, with more states instituting leave mandates and bereavement policies in the post-pandemic era. Caregiven helps employees understand the paid and unpaid benefits available to them as a caregiver, while providing guidance to collaborate with their employer so they can retain their jobs and reduce any impact on other colleagues.
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It is easy for companies to provide Caregiven to your clients:
Once your clients have enrolled, they will receive an end-to-end digital onboarding process that includes a unique activation link for their employees to download Caregiven, as well as materials to promote the product within their organization.
The national average shows that one out of every five employees is providing some form of care to another adult, and that number is projected to increase to one in three by the end of the decade. If supporting one employee through this challenging time is important to your client, then it makes sense to offer Caregiven as part of their employee benefits package.
Absolutely! The Caregiven team is happy to address any questions or concerns your clients may have. They are also eager to collaborate with your clients to normalize the impact caregiving has on their business through relevant content, webinars, Employee Resource Group materials, and workshops tailored to their needs.
Caregiven aggregates usage data for each employer who has five or more employees and can provide monthly, quarterly or annual reports at your request. Your clients will receive this information through their Delta Dental or Iowa account manager or directly from Caregiven. For organizations with four or fewer employees, we provide relevant usage reports to validate the investment in the product. Caregiven anonymizes all data to protect the privacy of our users.
To simplify billing and account management, Caregiven participates in Delta Dental of Iowa’s contract and renewal process that requires a 60-day notice of cancellation.