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Employees and Long Term Care Needs

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One myth about long-term care is that affects senior citizens only.

In fact, the need for long-term care can arise at any age. Nearly 40% of people using long-term care services are under the age of 65, including approximately one quarter of the 795,000 annual stroke patients.

In addition, diabetes, car accidents and ladder falls are other major causes that require long-term care among younger populations.

The need for long-term care is also rising as the overall population ages. An estimated 15 million ...

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Reducing Costs Through Long-Term Care Benefits

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Few companies have a full understanding of the impact of working caregivers on their bottom line—primarily from lost productivity and increased health insurance utilization.

Lost productivity costs companies between $17.1 and $33.6 billion annually—the result of increased absenteeism, shifts from full- to part-time work, workday interruptions, and the cost of hiring and training replacements for those who leave their jobs. In addition, working caregivers use 8% more health care services than their non-caregiving counterparts due to stress, anxiety, depression, and physical ...

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Baby Boomers Push Back Retirement Plans

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Financial Planning Magazine is reporting that a new poll conducted by Allstate found that near-retiree Baby Boomers have pushed back initial plans to retire from an average of age 60 to 66. Additionally, 68% of Baby Boomers expect to work in some form after retirement, the survey of 1,200 Americans found. Only 11% of current retirees currently work.

“The impact of the recession on the middle class is larger than past recessions,” said Thomas J. Wilson, Allstate chairman, president and chief executive ...

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Employers Are the Critical Link

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Today, seven million Americans are working full-time and providing long-term care for someone.

The percentage of adult children providing personal care or financial assistance to a parent has tripled over the past 15 years. A quarter of all adult children provide care to a parent.  Of these, approximately 57 percent provide 16 or more hours of care a week, with 31 percent providing over 30 hours a week.

To manage the demands of family, work, and caregiving, six out of 10 caregivers ...

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MIT to Host Alzheimer’s Innovation Event

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The MIT Enterprise Forum in Cambridge is hosting an upcoming event on the state of medical innovation against Alzheimer’s disease.

Entitled “Defeating Alzheimer’s: The Science and Business of Solving Neurodegenerative Disease”, the panel will include leaders engaged in funding, supporting and conducting R&D efforts in academia, industry and startups.

The event will be held on December 14th, from 5:30 to 9:00 p.m. at MIT in Cambridge, MA.

Alzheimer’s Disease devastates the lives of 25-40 million people worldwide — a number that is projected to ...

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One State’s Struggle with Long-Term Care

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The Atlanta Journal Constitution newspaper has an excellent piece on Georgia’s struggle with providing long-term care.

In particular, the article demonstrates how Medicaid is limited in its ability to cover seniors needing long-term care. In fact, the article notes that the state receives 2,200 Medicaid applications a month, and more than 40% of those are denied.

And there’s little chance the program will be expanded in Georgia. As one state representative stated, “I don’t know how we can expand it. It’s about ...

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