New Survey Finds More Than Half of People Do Not Know Their Parents’ Aging Plans

New Survey Finds More Than Half of People Do Not Know Their Parents’ Aging Plans

NEW YORK, Oct. 22, 2019 (GLOBE NEWSWIRE) — Mavencare, an advanced home care technology company, today announces the results of its new survey evaluating how people 40 years of age and older are preparing for both their parents’ and their own aging plans. The results showed that while 59% of respondents are worried about their parents as they age, 54% have not discussed any aging plans with them.
The survey also found that when it comes to implementing care plans, 54% of adults do not live in the same city as their parents and have to consider remote options. Most are open to hiring in-home caregivers, but 81% say they have a difficult time trusting that the caregiver is taking good care of their parent.Other Findings:84% of respondents do not have any money set aside for their parents as they age58% of respondents said that the cost of care is their biggest concern when it comes to caregivers40% of respondents do not believe their parents are equipped to pay for their own needs as they age82% of respondents would consider hiring an in-home caregiver for their parents if it were at an affordable price“Many people in this age group are known as the Sandwich Generation, because they are often caught in the middle between caring for their children and caring for their aging parents,” said Dr. Adam Blackman, CEO and co-founder of Mavencare. “For this group especially, it’s so important to start having these conversations with their loved ones so they can arrive at the optimal solution to ensure their loved ones’ happiness and safety.”Aging can become a massive financial strain when families are not prepared. Mavencare’s survey shows that 84% of respondents do not have any money set aside specifically for their parents’ aging plans, and more than 40% do not believe their parents are equipped to pay for their own needs as they age.The results show this generation views home care as the preferred option to care for their aging parents but have concerns about the quality of care. To ensure quality and peace of mind, Mavencare’s on-demand home care technology matches seniors with heavily vetted caregivers – only 4% of applicants are accepted – who are specific to their care needs. For complete transparency, the Connected Home Care app provides families with real-time updates and houses all communication between caregivers, families and Mavencare’s clinical team. In addition, its intelligent notification system uses predictive analytics to identify any potential issues from caregiver-reported data, and as a result, prevent avoidable adverse health events, including hospital readmissions. In addition to working directly with families, Mavencare has partnered with payers in both New York and Massachusetts to collaboratively promote better health outcomes, enhanced client satisfaction and lower overall healthcare costs for seniors.Mavencare provides services in Toronto, New York City and the Greater Boston area. For more information about how Mavencare utilizes its technology and highly skilled caregivers to provide personalized care, please visit https://mavencare.com.About Mavencare
Established in January of 2015, Mavencare is the most clinically advanced home care company that leverages technology to enable seniors to safely age at home. Mavencare’s vision is to revolutionize home care and create a world where people can live out their lives in the comfort of their own homes.
Media Contact:
Courtney Calderon
Uproar PR for Mavencare
321-236-0102
ccalderon@uproarpr.com

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