Partner with Carefluent to tackle the most significant caregiving obstacle confronting your employees today – finding a trustworthy and suitable caregiver for their loved ones.
Caregiving and employees
Looking after family members can have an impact on how well employees perform their job.
At the same time, employees are concerned that confessing to caregiving responsibilities could harm their chances of advancing in their career.
When employees must care for loved ones, it can cause them to feel stressed and unfocused. This can result in them taking time off work, cutting down their hours, or even resigning to provide care. As a result, employers experience high rates of turnover, absenteeism, and reduced productivity, all of which can have a significant financial impact on the business.
Choosing the Right Caregiving Benefits Partner for Your Employees and Their Families
As an employer, it’s important to choose a caregiving benefits partner that can effectively meet the needs of your employees and their families. A recent study found that the economic cost of caregiving responsibilities in the workplace amounts to a staggering $264 billion per year. Many caregiving agencies and platforms that offer benefits often overlook the significance of caregiver matching. Providing inadequate matches can be just as harmful as not having caregiving available at all.
“Employers are in a race to attract and retain the best talent and the growing presence of caregivers in the workplace represents both a threat to their success and an opportunity.”
Debra Lerner, MSc, PhD
Invisible Overtime: What employers need to know about
Rosalynn Carter Institute for Caregivers
When employers ask:
How can I increase productivity, reduce turnover, decrease absenteeism, and recruit talent?
Employer-sponsored personal in-home care is when an employer provides resources and support to their employees who need assistance at home with activities of daily living, such as medication reminders, meal prep, ambulation, grooming, etc…. That assistance can be financial and may also extend to the employees’ family members.
How does Carefluent assist employers who are interested in providing in-home care as a sponsored benefit?
Carefluent offers several easy, cost-effective options for employers to provide this important caregiving benefit to their employees. We will set up your employees’ accounts and provide access to our specialized network of thoroughly screened in-home Care Companions. Your employees will then be able to personalize their search criteria, interview, and select an in-home Care Companion that meets their preferences and needs. We will also provide regular reporting so you can monitor usage.
All Carefluent in-home Care Companions must meet our strict eligibility criteria, complete several assessments, then undergo a thorough background check and drug screening process. Only after successful completion of those requirements are the in-home Care Companions permitted to create a full profile on the Carefluent platform and be presented for consideration by a Careseeker. Carefluent has a carefully curated network of highly qualified in-home Care Companions.
The average business will pay $500 per year, per employee, to contribute towards the cost of personalized in-home care. Some employers increase the benefit amount for their executive leaders. In all instances, employees pay directly for services once they have exhausted the employer-sponsored amount.
Can employees use health savings, health reimbursement, and flexible spending accounts to pay for caregiving services?
HSAs, HRAs, and FSAs may be used to pay for qualified caregiving services expenses for dependents. Employees should consult their tax professional for more detailed information.
Currently, Carefluent does not accept other subsidies, but we hope to do so in the near future.