Dr. Char Hu is the Co-Founder and CEO of The Helper Bees, an insurtech company successfully improving the home care experience for the payer and care recipient. They work with some of the world’s largest insurance carriers to deliver transformative experiences in digitization, sourcing great care options, and applying machine learning to power intelligent care and claim analytics and processing

In this episode of the Business of Health podcast, Mike Martens welcomes Dr. Char Hu to discuss the topic of Aging in Place with Dignity. Dr. Char Hu, who has personal experience caring for aging parents, shares insights and expertise on the challenges and opportunities in the aging care industry. They delve into the importance of long-term care insurance, the evolving landscape of in-home caregiving, and the need for human-centered design in the aging population.

As the average age in the US rises and the baby boomer generation enters their senior years, the topic of aging care has become more critical than ever before. Dr. Char Hu emphasizes the importance of long-term care insurance in ensuring a dignified aging experience. With the costs of in-home care, assisted living facilities, and skilled nursing facilities soaring, long-term care insurance provides financial security and peace of mind.

Dr. Char Hu also highlights the significance of open dialogue with aging relatives and loved ones about their preferences and needs. By prioritizing choice, dignity, and well-being, we can ensure that aging individuals can age in place with the support and resources they require.

Another crucial aspect discussed in the episode is the limited coverage provided by Medicare for long-term care facilities and caregivers. While Medicare does not cover custodial care, some Medicare Advantage plans have started incorporating certain non-medical services. This expansion of coverage is a positive step forward, but there is still work to be done to ensure comprehensive support for the aging population.

By understanding the challenges and opportunities in the aging care industry, we can ensure the dignity and well-being of our loved ones as they navigate their golden years.

Three Takeaways

1. Understand the changing needs of the aging population.
2. Advocate for comprehensive long-term care coverage.
3. Promote aging in place with dignity.

Quote
“Since 1960, life expectancy has grown by 20 years.” -Dr. Char Hu

Resources

Email Dr. Char Hu: char@thehelperbees.com
LinkedIn: www.linkedin.com/in/charhu

Email Mike Martens: mikem@firststaffbenefits.com
LinkedIn: linkedin.com/in/firststaffbenefits
Website: www.firststaffbenefits.com