When your employees think about health care and associated costs, often they’re considering more than just themselves. Over 1 in 5 Americans, or 53 million people, currently serve as unpaid family caregivers for a loved one — such as an elderly parent or adult child with disabilities — according to the National Alliance of Caregiving and AARP.
As baby boomers continue to age, the number of elderly Americans age 65 and up is expected to increase from more than 54 million people today to around 70 million by 2030 and 88.5 million by 2050. This means that many of your employees may find themselves in a caregiver role in the next few decades.
Health care can be daunting at the best of times, and taking on a loved one’s care can be stressful and challenging. To help you advise team members on this topic, Further has created a learning track called “Helpful Tips for Family Caregivers” that offers key insights for current and future caregivers.
When you share this sign-up link with employees, they'll receive a series of three emails that explore the following topics:
How to use a health savings account (HSA) or dependent care assistance plan (DCAP) for an adult dependent's care. We outline the IRS requirements that account holders need to meet to use their HSA or DCAP balance for a relative’s health expenses or dependent care.
Key eligible expenses for family caregivers. Health saving and spending accounts cover a wide range of eligible expenses, but some items are particularly relevant to family caregivers.
Helping an elderly relative plan for future care. Even if a loved one is healthy now, they should have a plan in place for future medical needs. Key tasks to plan for the future include setting up beneficiaries and ensuring caregivers’ access to medical records and finances.
This learning track will help your team members better understand how to manage a loved one’s care and related expenses. Have them fill out this form to submit their information, and we'll get an email off to them soon.