The MetLife Study of Working Caregivers and Employer Health Care Costs – New Insights and Innovations for Reducing Health Care Costs for Employers

Source: Steven M. Albert, Richard Schulz, Alberto Colombi, MetLife, February 2010

From the summary:
Employees responsible for eldercare report more health problems than non-caregiving employees and cost U.S. employers an estimated $13 billion annually. Demographic trends indicate that a greater number of employees of all ages will assume the role of family caregiver for an increasingly older population. In combination, these trends mean that more employees will be dealing with eldercare issues. This brings to the forefront an urgent need for employers to actively address how to best facilitate the realities of employees dealing with eldercare responsibilities.

Key Findings

*The estimated average additional health cost to employers is 8% more for those with eldercare responsibilities.

*This differential in health care for caregiving employees is estimated, conservatively, as costing U.S. employers $13.4 billion per year.

*Employees providing eldercare were more likely to report fair or poor health, and are more likely to report depression, diabetes, hypertension, or pulmonary disease

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