Health Costs Report

The costs of a family member’s chronic health condition have massive impact on families.

Having a family member with a chronic health condition can have a massive impact on individuals and communities, but most of us are not prepared for the challenges it brings. Our annual Cost of a Chronic Health Condition Report provides insights into the burdens families face when they have a family member diagnosed with a chronic health condition.

TIME

61% of family caregivers reported that their caregiving responsibilities caused them to take time off work or reduced their ability to perform effectively at their job.

WORK

55% of working parents felt that their child’s mental health prevented them from completing their tasks at work.

MONEY

The National Institutes of Health (NIH) published a study estimating that businesses lose approximately $13.4 billion annually in lost productivity due to employees needing to care for family members with serious health conditions.

STRESS

42% of employees report that family caregiving responsibilities lead to stress that directly impacts their performance at work.

36% of parents of children with complex medical conditions reported not knowing where to go for help in their community when they encountered difficulties.

Health of Family is here to help your family through life’s most challenging moments.

THE IMPACT OF CHRONIC CONDITIONS ON PARENTS

Caring for a child with a chronic condition places significant strain on parents, affecting their financial stability, work-life balance, and relationships. Many reduce work hours or face added personal stress, while the emotional toll of caregiving often leads to feelings of isolation. These challenges underscore the far-reaching impact on the entire family and highlight the importance of support systems for parents navigating these difficulties.

  • 40% of parents report financial strain from managing their family member’s illness

  • 30% of parents reduce work hours due to their family member’s health

  • 25% of parents experience marital strain from caring responsibilities

  • 60% of parents feel isolated managing their family member’s chronic condition