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Founded in 1985, Friends Life Care is a nonprofit Quaker organization serving eastern Pennsylvania and Delaware • Telephone: 215-628-8964 • Fax: 215-628-9089 • www.friendslifecare.org
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Who Is Friends Life Care?
Foundation/mission Philosophy and approach to
vital aging Financial oversight
Founded in 1985, Friends Life Care is a nonprofit Quaker organization serving eastern Pennsylvania and Delaware • Telephone: 215-628-8964 • Fax: 215-628-9089 • www.friendslifecare.org
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History
Founded in 1985 Mission to help people remain in their homes
as they age First and largest organization of its kind in the
U.S. Nonprofit Quaker-based organization
Founded in 1985, Friends Life Care is a nonprofit Quaker organization serving eastern Pennsylvania and Delaware • Telephone: 215-628-8964 • Fax: 215-628-9089 • www.friendslifecare.org
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Friends Life Care Philosophy
Distinctive approach to independent aging Based on prevention and whole-health
promotion Two-pronged partnership in vital aging
(staving off decline/providing a safety net)
Security, vitality, independence VigR™
Founded in 1985, Friends Life Care is a nonprofit Quaker organization serving eastern Pennsylvania and Delaware • Telephone: 215-628-8964 • Fax: 215-628-9089 • www.friendslifecare.org
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Who Provides Oversight?
PA Department of Insurance (CCRC)• Annual independent audit
• Annual disclosure statement
Actuarial oversight• Annual valuation by credentialed actuary (FSA, MAAA)
• Valuation independently audited
Founded in 1985, Friends Life Care is a nonprofit Quaker organization serving eastern Pennsylvania and Delaware • Telephone: 215-628-8964 • Fax: 215-628-9089 • www.friendslifecare.org
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Who Provides Oversight?
Annual informational returns filed• IRS (Form 990)
• PA Bureau of Charitable Organizations
Independent governing board• Highly credentialed professionals (finance, elder law,
managed care, etc.)
• Quakers (majority)
Founded in 1985, Friends Life Care is a nonprofit Quaker organization serving eastern Pennsylvania and Delaware • Telephone: 215-628-8964 • Fax: 215-628-9089 • www.friendslifecare.org
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You Have Long-Term Care Insurance
Some people add Friends Life Care membership to existing insurance policy
Why? Care Coordination and health/wellness support (VigR™)!
Founded in 1985, Friends Life Care is a nonprofit Quaker organization serving eastern Pennsylvania and Delaware • Telephone: 215-628-8964 • Fax: 215-628-9089 • www.friendslifecare.org
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The Costs of Care Are High
$77,000 to $100,000 a year, per person Average of 3 years of care At least $231,000 to $300,000 total out of
pocket, per person, for 3 years of care
Founded in 1985, Friends Life Care is a nonprofit Quaker organization serving eastern Pennsylvania and Delaware • Telephone: 215-628-8964 • Fax: 215-628-9089 • www.friendslifecare.org
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What Does Medicare Actually Cover?
100 days of skilled care in a nursing home• First 20 days fully paid
• Next 21–100 days partially paid (co-pay)
• After 100 days, you pay out-of-pocket
Custodial (convalescent) care: $0 paid
Founded in 1985, Friends Life Care is a nonprofit Quaker organization serving eastern Pennsylvania and Delaware • Telephone: 215-628-8964 • Fax: 215-628-9089 • www.friendslifecare.org
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Long-Term Care
1. Your family provides care
2. Medicaid – low-income assistance• Acts 42 and 43
• “Look-back” periods increased
3. Self-insure through savings
4. Transfer the risk to a long-term care solution
Founded in 1985, Friends Life Care is a nonprofit Quaker organization serving eastern Pennsylvania and Delaware • Telephone: 215-628-8964 • Fax: 215-628-9089 • www.friendslifecare.org
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Friends Life Care Membership
Provides support and resources to help you remain in your home
Partnership begins as soon as you join• Care Coordinator is key
• VigR™: Integrated whole-health model
• Quarterly member meetings
Founded in 1985, Friends Life Care is a nonprofit Quaker organization serving eastern Pennsylvania and Delaware • Telephone: 215-628-8964 • Fax: 215-628-9089 • www.friendslifecare.org
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VigR™ (Vitality, Independence, Growth and
Resilience) Helps stave off the effects of chronological aging
Proactive, research-based model helps members improve and extend their mental and physical health and resilience
Opportunities to better understand and improve the four essential factors that make the difference between aging and aging well
Founded in 1985, Friends Life Care is a nonprofit Quaker organization serving eastern Pennsylvania and Delaware • Telephone: 215-628-8964 • Fax: 215-628-9089 • www.friendslifecare.org
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VigR™
Examples: • VigR Assessments
• VigR Enrichment Workshops
• VigR eMeetinghouse: Online health resource and social community
Founded in 1985, Friends Life Care is a nonprofit Quaker organization serving eastern Pennsylvania and Delaware • Telephone: 215-628-8964 • Fax: 215-628-9089 • www.friendslifecare.org
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The Friends Life Care Plan
Daily benefits and benefit periods• $75–$250 per day (in $25 increments)
• 2, 3, 4, 5 and 7 year
• 0- to 365-day (private pay option)
• Cost of living adjustment
• Shared care
Founded in 1985, Friends Life Care is a nonprofit Quaker organization serving eastern Pennsylvania and Delaware • Telephone: 215-628-8964 • Fax: 215-628-9089 • www.friendslifecare.org
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The Friends Life Care Plan
Care coordination, 24/7• Dedicated network of credentialed caregivers
• Oversight of care providers
• No claims to process – transparent, hassle-free
Founded in 1985, Friends Life Care is a nonprofit Quaker organization serving eastern Pennsylvania and Delaware • Telephone: 215-628-8964 • Fax: 215-628-9089 • www.friendslifecare.org
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The Friends Life Care Difference
Care Coordinators: Multidisciplinary team of professionals • Personalized attention, on call 24/7
• Personal visits, monitoring and follow-up
• Your partner in preventative care: VigR, health assessments
• Your health care navigator, guiding and supporting you through the complex health care system
• Intimate knowledge of the best caregivers/support
Founded in 1985, Friends Life Care is a nonprofit Quaker organization serving eastern Pennsylvania and Delaware • Telephone: 215-628-8964 • Fax: 215-628-9089 • www.friendslifecare.org
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The Friends Life Care Difference
Care in your own home• Caregivers screened and selected according to our
exclusive Quality Credentialing Process™
• Referral and coordination of RN, LPN and physical therapy, as needed
• Hourly, daily, or live-in care
Founded in 1985, Friends Life Care is a nonprofit Quaker organization serving eastern Pennsylvania and Delaware • Telephone: 215-628-8964 • Fax: 215-628-9089 • www.friendslifecare.org
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The Friends Life Care Difference
Mission to help you remain in your home as you age
100% tax-deductible fees (check with tax advisor)
20% household discount 100% portability if you move within the U.S. No hassles or paperwork — just a phone call
away!
Founded in 1985, Friends Life Care is a nonprofit Quaker organization serving eastern Pennsylvania and Delaware • Telephone: 215-628-8964 • Fax: 215-628-9089 • www.friendslifecare.org
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The Hard Questions
Where will you turn for the care you need?
How will you pay for it?
Founded in 1985, Friends Life Care is a nonprofit Quaker organization serving eastern Pennsylvania and Delaware • Telephone: 215-628-8964 • Fax: 215-628-9089 • www.friendslifecare.org
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Friends Life Care: Partnership Through Time In health: VigR™, Care Coordinator
relationship and support, ongoing health/wellness assessments
In sickness: If you need care, Care Coordinator knows you, arranges and oversees everything, acts as your advocate
Friends Life Care Membership = Peace of Mind