1 min Benefits Bulletin: FSAs, Employees' Parents & Surviving Uncertainty
Shocking Statistic
The ‘Forgotten Middle’ — 11.5 million seniors — won't be able to pay for private assisted living unless they have a house to sell, a University of Chicago study concludes. And nearly 40% of those with a house won't be able to afford assisted living anyway.
Employees caring for older adults will keenly feel this financial and emotional burden. This is one reason why 87% of companies are adding or expanding family care benefits.
Trending Article
Benefit News: Open Enrollment Cheat Sheet: The surprising benefits of FSA, HSA, HRA pre-tax benefits
Saving employees money with an FSA, HSA or DCAP sounds complicated but it goes hand-in-hand with family care benefits, like eldercare and childcare.
Mindset Moment: Uncertainty
“Embrace uncertainty. Some of the most beautiful chapters in our lives won’t have a title until much later.” –Bob Goff
Ways & Wane solves family care challenges for busy employees. If you are evaluating family benefits, schedule a demo.
Co-founder, President at Ways & Wane LLC
1yI applaud any company that supports their employees with care navigation - in particular The Larkin Company, Synopsys Inc and Franklin Street do a really wonderful job of supporting their employee's care navigation needs.