What does Prosper do?
When someone is caring for a loved one, Prosper coordinates solutions for organizing finances, gathering legal and financial documents, and researching housing, health care and numerous other services.
Prosper is a comprehensive integrated resource where uncompensated caregivers, many of whom are already busy raising their own families and working full-time jobs, can go for trusted information.
The many responsibilities of caring for a loved one can cause employees to reduce their hours, set aside their ambitions or even leave the workforce altogether.
The Family Caregiver Alliance, a national support organization, found that:
- Lost productivity from caregiving costs companies up to $33 billion annually in absenteeism, turnover, workday distractions and moves from full-time to part-time
- Employees with those added duties cost employers 8% ($13.4 billion) more annually in health care because of added stress
How does caregiving affect employees?
Many people might not view themselves as a caregiver when they have to help a family member. But those minor tasks add up.
The challenge will grow, as more people care for both their own children and an older family member. AARP research found that:
- An estimated 45 million Americans give uncompensated care to a loved one
- Of those, 21% perform 21-40 hours of care per week and 30% offer care 41 or more hours per week
Caregiving is meaningful work, but it also takes a lot of resources and research. By lightening their load, employers can make a difference.
Businesses offer Prosper as part of their employee benefits package. Caregivers access our website, call or text to set up an appointment with a guide who listens to their needs and emails resources the caregiver can use to help their family member. Prosper guides provide continuity as needs change. For example, if an employee’s mother moves from assisted living to a nursing home and then to hospice, Prosper guides will have that background and be able to help manage that transition.
The approach creates powerful and unique benefits for both employees and their employers.
We have aggregated resources in most aspects of the caregiving journey. Our services and connections fall into six core categories:
Caregiver resources: aging and disability centers, area agencies on aging, food banks, national voluntary health organizations, social support services, state units on aging, how to have care conversations, stress management, managing transitions, caring from a distance
Housing and transitions: cost analysis, benefits coverage, independent living, assisted living communities, nursing home care, memory care, adult day care, continuing care retirement communities, non-medical home care, skilled nursing facilities, non-emergency transportation
Health care and insurance: medical inventory, legal authorizations and forms, care plan creation guidance, medical home health care, hospitals
Finances: legal documents, managing bills, estate management, financial and personal inventory guidance, care budget resources
Legal: will, power of attorney (financial and medical), living will or advance directive, living trust
End of life: hospice, funeral planning, post-death, post-funeral
Because Prosper uses several databases that curate and vet local services, the guides will send options for other providers near where they live. For example, such an email will include the facility name, location, phone number, license number, Centers for Medicare & Medicaid Services (CMS) star ratings and insight and other details for nursing homes in their loved one’s home area.
Many of our services are provided by national providers, so communication from guides to caregivers will include links to relevant companies that are available in all 50 states.
By taking action to lighten their load, you can make a world of difference to your employees, their families and your business.
Prosper helps your company provide tangible ways to encourage and support the caregivers in your workforce. We make it easier for people to manage the care they provide for someone they love.