Reaching retirement age isn’t just worthy of a celebration, it also comes with tough decisions about paying for healthcare.
Deciding when to sign up for Medicare and which plan to choose can often be confusing for some aging adults and their children, and it can occupy hours of family and work time.
This week marks the beginning of the Annual Open Enrollment Period (OEP), which runs from October 15 through December 7.
Annual Open Enrollment is but one of many different Medicare Enrollment Periods which could take up hours of productive work time for many adults. Imagine receiving the 128-page Medicare handbook from the Department of Health and Human Services!
Now, imagine the loss of productivity when enrollment grows to a projected 80 million Americans by 2030.
“There are a lot of enrollment periods out there,” said Gaby, one of Homethrive’s resident Medicare experts. “So, they get very confusing.”
A Homethrive survey of working caregivers found 43 percent of respondents are distracted, worried, or focused on caregiving — and not their jobs — 5 or more hours per week, while 20 percent are distracted at work more than 9 hours per week.
An AARP study found that 69 percent of working caregivers caring for a family member or friend report having to rearrange their work schedule, decrease their hours, or take unpaid leave to meet their caregiving responsibilities.
Yet another report says the hardest time to get through to the Social Security office with questions is Monday and Friday mornings, which means many employees are starting and ending their week with caregiving frustrations.
Today’s workforce is more stressed than ever, so why not offer them a lifeline when it comes to something as simple as signing up their folks for health insurance?
Homethrive’s MediGuide Team brings a wealth of knowledge to our members, helping them navigate a convoluted system!
As the Annual Open Enrollment Period begins, consider what steps your company can take to relieve the stress of your employees and keep them productive and happy.