Washington state takes up long term care insurance.

Great article about Washington state (and Hawaii) taking up the issue of caring for the baby boomers. Congress has failed to act. There are 43 million unpaid caregivers now and 10,000 people retiring each day.

Who is going to take care of this population —- especially when long term care insurance is prohibitively expensive. Read more . . . .


When is it Best to Use a Mail-Order Pharmacy?

Many people with health insurance are guided to get their prescriptions filled with a mail-order pharmacy, but is this the right choice for you?  The answer is, it depends.   Here are a few things to think about when deciding to use a mail-order pharmacy.

Mail-order may be the way to go if:

  1. You want convenience saving time and gas, since you don’t have to drive to the pharmacy or stand in line, the medication is delivered to your door with free shipping.

  2. You have a chronic illness, such as diabetes or high blood pressure.  Many mail-order pharmacies will give you a 90-day supply instead of only a 30-day supply at your local pharmacy.  This means you are only paying one co-payment instead of three.

  3. You want to be able to talk with someone at any time of the day or night.  Some retail pharmacies are open 24-hours 7-days, such as some Walgreens, RiteAid, and CVS, most pharmacies do not have those hours.

Mail-order might NOT be the way to go if:

  1. You need a prescription right away, such as antibiotics.

  2. You take a customized prescription that needs to be created by a pharmacist (compounded).

  3. You are worried about your prescriptions being lost or stolen.  Although if that happens most mail-order pharmacies will replace it.

  4. You want to talk with your pharmacist for advice, such as what medicine to take for a cold, or getting a flu shot

-Cheryl Fahlman, PhD

What is the Impact of Family Caregiving on Work?

Understanding the Impact of Family Caregiving on Work is essential for every business.  American companies lose over $33.6 billion every year in lost productivity from full-time employees who are caregivers, which is over $2,110 per full-time employee caregiver.  Studies have shown that employers pay about 8 percent more for health care for caregivers as compared to non-caregivers.  From the view point of the caregiver, they lose wages and social security benefits, and potentially job security, career mobility and employer sponsored benefits.  So there is a long term impact on caregiver’s retirement security, career mobility, and employment-related benefits such as health insurance and contributions to retirement plans.  Family caregivers (age 50 and older) who leave the workforce to care for a parent lose, on average, nearly $304,000 in wages and benefits over their lifetime.  Research suggests that assuming the role of caregiver for aging parents in midlife may greatly increase a woman’s risk of living in poverty in old age.

-Cheryl Fahlman, PhD