Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Life Health > Health Insurance > Health Insurance

ComPsych: Holidays Put Elders in (Scary) New Light

X
Your article was successfully shared with the contacts you provided.

Some people go home to a festive meal and discover, while singing Rock of Ages, that their parents are no longer rocks.

Analysts at ComPsych Corp., Chicago, an employee assistance plan (EAP) company, discuss elder care inquiry trends in a commentary based on a review of calls the company gets from EAP enrollees.

The analysts found that the volume of calls related to a need for elder care typically increases about 18% in November and December.

Dr. Richard Chaifetz, the chairman of ComPsych, says in a statement about the analysis that elder-care call volume probably rises around the holidays because people who have not seen their parents or other older relatives for awhile may be surprised when they see how much a relative’s condition has deteriorated.

This year, calls from EAP enrollees seeking emotional support and help with complex cases account for about 25% of elder-care related calls.

Calls for help with finding assisted living facilities account for 17% of the calls, and calls for help with finding nursing homes account for 11% of the calls.

- ALB


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.