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Quality Care Options Announces New Employee Benefit Solution
- Long Term Care Insurance
By: Angel Kearney
Quality Care Options announces a revolutionary
employee benefit that enables employers to be more competitive while
saving expenses associated with caring for an employee’s elderly
parent. Quality Care Options (QCO) is the first and only organization
to offer access to elder care services that have a 90% or higher
customer satisfaction rating, derived from the industry’s’
first independent customer-driven survey process.
A recent study from AT&T showed that
28 percent of their workforce provides and coordinates elder care
to their aging parents. The annual costs associated with this phenomenon,
is estimated to be $1142 per employee due to absenteeism, workday
interruptions, eldercare crises and additional supervisor costs.
(You can find more information about Long
Term Care Insurance here)
AT&T found that every elder care crisis
caused an initial absenteeism of four to seven days with additional
absenteeism throughout the crisis. Barbara Mascio, Founder and President
of QCO says, “We find that clients typically miss less than
one day due to the services we supply. They are less distracted
at work and are comforted knowing that we take the time to listen,
and have the expertise to connect these families to the most appropriate
services, based on the individual’s needs, desires, geographical
area and of course, budget. Our QCO Employee Benefit Solution offers
relief to both the employee and employer for less than one percent
of the cost that AT&T has estimated.”
The number of employers offering elder-care
benefits has soared from 20% in 1990 to nearly 50% in 1999, according
to a poll by benefit consultants Hewitt Associates. One reason for
the growth: More than 80% of workers caring for an older relative
say they have had to adjust their schedules – working fewer
hours, for example, or quitting their job – based on a report
by Metropolitan Life Insurance.
“It was such a relief to speak with
the liaison at QCO. I honestly didn’t know where to start
when my mother was released from the hospital after cancer treatment.
I had envisioned the need to take family leave and even to retire
early,” says Ruth D., a writer for a national greeting card
company located in Cleveland Ohio.
The QCO Employee Benefit Option provides
a unique and complete service to the elderly senior, the family
caregiver and those convalescing of any age. The QCO Community of
Resources includes both medical and non-medical services, all of
which have a documented history of excellence in care and quality
of service.
The Employee Benefit Option is a ‘One-Call-Solution’
for those who seek a nationwide resource to service their parents,
grandparents, spouse, sibling, life partner, friend neighbor or
any other loved one. Areas of current support include medical and
non medical home care, caregiver support, nursing homes, rehab facilities,
assisted living facilities, financial planning, LTC health insurance,
Alzheimer’s services and facilities, memorial planning, medical
equipment, counseling, elder law attorneys and handyman services.
The QCO Employee Benefit Solution offers
employers an added employee benefit which reduces the costs associated
with the distraction of employees caring for their loved ones while
also offering a competitive advantage when recruiting and retaining
those employees.
You can find more Long
Term Care Insurance Information here
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