It has long been an area of focus for us, and we're glad Inside Assisted Living took a family-based approach so these gaps could be identified and addressed.
Newport Beach, CA (PRWEB) October 21, 2008
Inside Assisted Living, the leading online resource for families evaluating assisted living, today announced the release of its groundbreaking new research study entitled the "Assisted Living Family Attitudes and Preparedness Report." In a survey of 195 families, an overwhelming majority of respondents lacked sufficient knowledge in topics critical to assisted living, including: costs and financing, finding and hiring caregivers and choosing a facility. Additionally, seventy-five percent of respondents indicated they had a friend or family member who may require assisted living in the next 10 years.
A "By Families, For Families" Approach
The Assisted Living Family Attitudes and Preparedness Report was commissioned to better understand the degree to which families are prepared for a loved one's transition to assisted living.
"When my mother had a stroke in 2005, I found there to be few practical resources available to help families evaluate and complete a successful transition to assisted living," said Ryan Malone, managing editor of Inside Assisted Living. "All the information I found was from a provider's perspective. Our goal was to provide this report from a 'by families, for families' approach."
The Assisted Living Family Attitudes and Preparedness Report addresses in detail the following topics:
- General family attitudes toward assisted living
- Factors influencing the choice of an assisted living facility
- Defining attributes of quality of care and safety
- Levels of understanding of costs and contractual issues
- The role of family in the transition to assisted living
Lack of Financial Awareness
In the Report, the ability to pay for assisted living was the most frequently cited concern. In fact, when asked to identify their level of knowledge regarding seven critical financial topics, more than half of all respondents considered their knowledge level to be poor across all topics.
"Planning for retirement and unforeseen elder healthcare issues is one of the key components of a sound financial strategy. It's unfortunate that so few people take a great interest in this body of knowledge," said Dianne Duva, Certified Financial Planner and Senior Financial Advisor with the JWS Group at Merrill Lynch. "It has long been an area of focus for us, and we're glad Inside Assisted Living took a family-based approach so these gaps could be identified and addressed."
Caregivers Play a Major Role
According to AARP Public Policy Institute and ASU Research, 44 million Americans provide care to family and friends. Surprisingly, sixty-four percent of respondents in the Report indicated they don't know anything or know very little about finding and hiring a caregiver.
"This report reveals something that should be discussed more proactively: the importance of understanding the potential need for a part-time or full-time caregiver in an assisted living environment cannot be overstated," said Julie Northcutt, President of Caregiverlist. "With the cost of private caregivers reaching upwards of $8,000 per month, family understanding in this area is crucial to a successful assisted living experience."
Additional summary findings from the study include:
- Respondents have a self-described poor understanding of the financial implications of assisted living, including insurance and the costs associated with room/board and private caregivers.
- Respondents understand that the transition to assisted living will result in some burden to the family, though the degree to which this burden impacts the family is a source of anxiety. Additionally, primary family caregivers intend to shield the families from many responsibilities.
- Families expect to play a major support role in their love one's transition to assisted living, including the selection of a facility, participation in daily activities and regular visits with children and grandchildren.
- Families seek to maintain their loved one's lifestyle by attempting to find facilities close to their homes and their loved one's existing medical care.
- Quality of care is perceived to be highly related to doctors, medication management and on-staff nursing versus amenities of the facility itself.
To download the Assisted Living Family Attitudes and Preparedness Report free of charge, visit Inside Assisted Living.
About Inside Assisted Living:
Inside Assisted Living is an informative new website dedicated to helping families better evaluate, prepare for and manage a loved one's transition to assisted living. Inside Assisted Living was conceived when Ryan Malone received a paramedic phone call that his mother had suffered a stroke. At the age of 33, Ryan was thrust into the world of elder care and assisted living and found few practical resources to quickly prepare him for his journey. With this in mind, Ryan created Inside Assisted Living to provide a "by families, for families" to assisting individuals with the information and skills they need to make a transition to assisted living a positive and loving experience. To learn more about Inside Assisted Living, visit http://www.insideassistedliving.com.