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November 15, 2012 at 08:54 AM
EHealth (Nasdaq:EHTH), the parent of the eHealthInsurance.com and PlanPrescriber.com insurance exchanges, has found that some caregivers spend far more supporting their elderly parents than others.
| How much financial support (if any) do you provide for your parents? | |
| Amount per month | |
| $500 or more | 10% |
| $250 to $499 | 10% |
| $100 to $249 | 11% |
| $50 to $99 | 8% |
| $50 or less | 2% |
| No financial help | 59% |
| Source: EHealth | |
EHealth analysts polled 285 people who belong to AgingCare.com, an online community for caregivers, and are providing care for their parents.
The analysts found that only 41 percent of the survey participants were providing financial help for their parents, and that another 10 percent were providing some financial support but less than $100 per month.
The 31 percent who gave their parents $100 or more on monthly financial support were about equally likely to be spending $100 to $249, $250 to $499, or $500 or more.
When the analysts asked caregivers about how the financial support was being spent, 23 percent said they were helping with medical care, and 44 percent said they were helping with housing costs.
Most of the financial support providers — 92 percent — said they were helping their parents with day-to-day expenses, such as paying for food.
Other survey findings:
