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2010 Press Releases

METLIFE MATURE MARKET INSTITUTE RELEASES FREE “AGING IN PLACE” GUIDE; WORKBOOK HELPS CONSUMERS ASSESS ONE’S HOME AS A CARE SETTING

Westport, CT – November 16, 2010 – As more and more older Americans choose to “age in place,” and remain in their homes, issues related to maintaining mobility, promoting home safety and creating an environment to meet care needs are becoming increasingly important to both caregivers and care recipients. To address these issues, many people will embark on plans to modify their homes, employ assistive technology and identify family and community resources to help them age in place.

To assist individuals and their families who wish to remain in their homes as they age, the MetLife Mature Market Institute has introduced “The MetLife Aging in Place Workbook: Your Home As a Care Setting,” a step-by-step guide to help assess care needs, determine whether home modification and/or assistive devices are needed, identify potential care resources and understand the associated costs. It also provides a listing of organizations and government agencies that may serve as additional resources.

The workbook is a companion piece to “The MetLife Report on Aging in Place 2.0: Rethinking Solutions to the Home Care Challenge” released earlier this year. That report estimates that substantial, but basic, design and structural modifications can cost $9,000–$12,000 or more per one-story residence, depending on the type of home and its locality. The guide features cost approximations for common modifications, which vary in different parts of the country. For instance, it estimates that ramps can cost between $1,600 and $3,200 for a length of 16 feet. Two grab bars are generally $250 including installation. A typical stair glide can cost up to $12,000. And, it can cost from $800 to $1,200 to adjust a door opening.

“The common wisdom is that people, when they retire, will move to warmer locales in the sun belt. However, numerous surveys indicate that Americans prefer to stay where they are as they age,” said Sandra Timmermann, Ed.D., director of the MetLife Mature Market Institute. “To do so many will need to make changes to their homes so they can meet their needs and provide a safe environment in which care can be delivered. This free guide can be a useful planning tool in anticipation of a change that may lead to the need for care in the future, as well as a starting point for assessing needs in one’s home or that of a loved one when a health issue has precipitated an urgent need for adjustments.”

“The MetLife Aging in Place Workbook” provides individuals with a model to assess whether their home can serve as a care setting. It poses a series of questions whose answers will help families decide if changes to the home are required to meet care needs. The guide addresses the need for equipment like walkers, shower seats, grab rails, medication reminder systems and Personal Emergency Response Systems (PERS). It also focuses on developing a care plan that includes family caregivers as well as paid care services based on identified needs. It looks at costs in each of these important areas and identifies potential funding sources.

Among the resources listed in the guide are the following:

“The MetLife Aging in Place Workbook: Your Home As a Care Setting,” and the “The MetLife Report on Aging in Place 2.0: Rethinking Solutions to the Home Care Challenge” can be downloaded from www.MatureMarketInstitute.com. They can also be ordered through Contact Us on the MetLife Mature Market Institute Web site, or by writing to: MetLife Mature Market Institute, 57 Greens Farms Road, Westport, CT 06880.

The MetLife Mature Market Institute®

Established in 1997, the Mature Market Institute (MMI) is MetLife’s research organization and a recognized thought leader on the multi-dimensional and multi-generational issues of aging and longevity. MMI’s groundbreaking research, gerontology expertise, national partnerships, and educational materials work to expand the knowledge and choices for those in, approaching, or caring for those in the mature market.

MMI supports MetLife’s long-standing commitment to identifying emerging issues and innovative solutions for the challenges of life. MetLife, Inc. is a leading global provider of insurance, annuities and employee benefit programs, serving 90 million customers in over 60 countries. Through its subsidiaries and affiliates, MetLife holds leading market positions in the United States, Japan, Latin America, Asia Pacific, Europe and the Middle East.

For more information about the MMI, please visit: www.MatureMarketInstitute.com.

Contact:

DJC Communications
debra@djccommunications.com

snmorris@metlife.com

jmadden@metlife.com

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