• Trends with Benefits

    Real Wealth is Health

    Ed Lopez, Head of ETF Product
     

    Real Wealth is Health

    I wish aging was a fad, like being able to say “today I’ll dye my hair gray”, but aging is a chronic condition, and from it comes a long-term trend in the need for quality caregiving. By 2030, all baby boomers will be age 65 or older. Since the last census was taken in 2010, about 10,000 a day have crossed that age threshold and by 2030, all boomers, currently 73 million of them, will be at least age 65.For me and many others with boomer parents we’re looking at the possibility of caring for aging parents. Some with a variety of ailments that may be costly in terms of dollars, time and mental health.

    Perhaps in your case, your need is not an aging parent in a distant state, but a loved one in need of some level of caregiving. This was the case for Lindsay Jurist-Rosner, CEO of Wellthy. As she described to me, it was like her “double secret life” that no one knew about and through which she endured without much help. Her company Wellthy aims to change that.

    Listen to Podcast


    Subscribe Now

    Apple Podcasts

    Apple Podcasts |

    Google Play

    Google Play |

    Spotify Spotify |

    Stitcher Stitcher|

    Sound Cloud SoundCloud

    Improving the Healthcare Experience

    Lindsay’s mission and that of her company is to help others have a better healthcare experience. Wellthy will match clients with care coordinators who can help navigate resources available at the federal and local levels, contest and negotiate insurance bills, or even help find a maid, among other things.

    Launched in 2014, Wellthy is totally virtual, using technology to coordinate with partners and clients. With the onset of the COVID-19 virus, we’re all now learning about telemedicine or telehealth, but Wellthy has been ahead of that trend.

    When I recorded the podcast with Lindsay, we were just at the beginning of the coronavirus awareness in the U.S., before self-quarantines and shelter-in-place mandates. Through this crisis so far, they have been available to families that use their service to answer COVID-19 related questions, schedule telemedicine appointments, set up food/medication delivery, and help navigate Medicare, Medicaid, and private insurance. If you’re interested in updated information and helpful guides during this time they have set up a special COVID-19 resources page https://resources.wellthy.com/covid-19/.

    Being Wise to Stay Healthy and Wealthy

    With people living longer and the large aging population now entering retirement there will be a massive need for caregiving. The implications of which are potential stresses on your finances, your lifestyle and the rest of your family. Needless to say, getting ahead of this by having the tough discussions with family members and developing a plan would be wise. For financial advisors, having a resource for clients is a way to enhance your services and engage with younger generations of your client’s family.

    Trend or Fad?

    Listen for Lindsay’s take on wearables, avocado toast, and intermittent fasting.


  • Important Disclosure

    For informational and advertising purposes only.

    This information originates from VanEck (Europe) GmbH which has been appointed as distributor of VanEck products in Europe by the Management Company VanEck Asset Management B.V., incorporated under Dutch law and registered with the Dutch Authority for the Financial Markets (AFM). VanEck (Europe) GmbH with registered address at Kreuznacher Str. 30, 60486 Frankfurt, Germany, is a financial services provider regulated by the Federal Financial Supervisory Authority in Germany (BaFin). The information is intended only to provide general and preliminary information to investors and shall not be construed as investment, legal or tax advice. VanEck (Europe) GmbH and its associated and affiliated companies (together “VanEck”) assume no liability with regards to any investment, divestment or retention decision taken by the investor on the basis of this information. The views and opinions expressed are those of the author(s) but not necessarily those of VanEck. Opinions are current as of the publication date and are subject to change with market conditions. Certain statements contained herein may constitute projections, forecasts and other forward looking statements, which do not reflect actual results. Information provided by third party sources are believed to be reliable and have not been independently verified for accuracy or completeness and cannot be guaranteed. All indices mentioned are measures of common market sectors and performance. It is not possible to invest directly in an index.

    All performance information is historical and is no guarantee of future results. Investing is subject to risk, including the possible loss of principal. You must read the Prospectus and KIID before investing.

    No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission of VanEck.

    © VanEck (Europe) GmbH

     

  • Authored by

    Ed Lopez
    Head of ETF Product

    Explore My Insights