Joseph Groh Foundation


Golfing for a Cause

Golf Tournament for Joseph Groh Foundation

If you have ever scrolled down through the Callahan Roach website, (and who hasn’t!)  you’ll notice that they support and have a link to the Joseph Groh Foundation.  You may have found yourself wondering who this organization is and what they are all about.  If that is the case, you have come to the right blog!

 

The Joseph Groh Foundation is a 501©(3) Texas public charity that provides financial assistance to those with a connection to the construction trades industry and who are now living with a life altering disability.  What does “connection” mean?  It means that you have either worked in the trades yourself, or have an immediate family relative (i.e. sibling, child or parent) who has.  What does “life altering disability” refer to?  That could mean many different things, and could be the result of an injury, illness or genetic disorder.  It also means that you are now severely and permanently disabled.  How about “provides financial assistance.”  What does that mean?  That can also mean a number of things.  Unlike some organizations, The Joseph Groh Foundation is not tied to a strict list of items that it will provide.  Their objectives is to work with the individual in order to help provide what they most need.  That is one of the things that makes them unique.  The other is that they are the only 501©(3) organization that we are aware of which exclusively benefits individuals from the HVAC and construction trades.  They do not provide cash however, and benefits are paid directly to the supplier of products and services, not to the recipient.  What kinds of products and services?  Historically, the most requested items have included wheelchair accessible vans, home and bath remodels, assistive technology products and rehabilitative equipment.

 

How do they raise money for these items?  The primary method is through golf tournaments which they host annually in Dallas, Texas, Chicago, Illinois and Minneapolis, Minnesota.  In fact, the Chicago tournament is coming up on August 28, and the Minneapolis tournament on September 11.  That means you can enjoy a fun day on the golf course, all in the name of supporting a great cause!  It is perfect for sponsorship opportunities, where you can bring customers.  In fact, one major distributor in the Chicago area holds an air-conditioning promotion for their customers, and top performers earn a spot in the tournament.  Therefore, if you are a golf enthusiast and would like to help further this organization’s mission, simply go to their website (address listed below) and click on the Chicago or Minneapolis golf tab.  You will find additional instructions and participation forms there.  Hope to see you in Chicago or Minneapolis!

 

http://www.josephgrohfoundation.org/


The Case for Disability Insurance: Part 2

A major disability is something that happens to someone else… until it doesn’t!  The sad fact is most Americans are better prepared to die than they are to deal with disabilities.  In the last blog, we made the case for having disability insurance.  In this blog, we will make the case for affording disability insurance.

 

 

The Bureau of Labor Statistics estimates that as of April, 2016 there are about 122.74 million people working on a full-time basis.  According to the chart below, only about 37% of private sector employees are covered by long-term disability insurance.  This would suggest that only about 45 million full-time workers are covered by long-term disability.

 

 

According to Kaiser Health News, only 47% of employers offer long-term disability coverage to their employees, and companies with at least 100 employees are almost certain to offer some sort of disability benefit.  Furthermore, they report that the majority of people with disability coverage get it through their jobs.  The chart below offers a glimpse of disability insurance coverage by occupation group.

 

Access to disability benefit combinations, by occupation group, private industry workers, March 2014
Occupation group Percent with access to both short- and long-term disability insurance Percent with access to only short-term disability insurance Percent with access to only long-term disability insurance Percent with no access to insurance
All workers 25 15 9 51
Management, professional, and related 42 12 17 29
Service 6 14 4 76
Sales and office 25 13 9 53
Natural resources, construction, and maintenance 21 18 6 55
Production, transportation, and material moving 25 22 7 47
Note: Costs calculated from Employer Cost for Employee Compensation (ECEC) published estimates.

Source: National Compensation Survey, U.S. Bureau of Labor Statistics.


The cost of providing both short- and long-term disability insurance access to all private sector workers would be approximately 1.0 percent of total compensation. This would cost an employer $624 each year for a full-time (2,080 hour) worker, as illustrated below.


Estimated cost of access to short- and long-term disability insurance, by occupation group, private industry workers, March 2014
Occupation group Short-term disability insurance Long-term disability insurance
Percent with Access Benefit cost per hour worked Employer access cost per hour worked Percent with Access Benefit cost per hour worked Employer access cost per hour worked
All workers 40 $0.06 $0.15 34 $0.05 $0.15
Management, professional, and related 54 $0.10 $0.19 59 $0.09 $0.15
Service 20 10
Sales and office 38 $0.04 $0.11 34 $0.03 $0.09
Natural resources, construction, and maintenance 40 $0.09 $0.23 27 $0.03 $0.11
Production, transportation, and material moving 47 $0.06 $0.13 31 $0.06 $0.19
As seen in table 6, the cost of access for short-term disability and long-term disability across all private industry workers is $0.30 per hour worked ($0.15 each). The estimate ranges from $0.11 for sales and office workers to $0.23 for natural resources, construction, and maintenance workers. There are no reliable estimates for service workers, which is not surprising given that few service workers have access to employer-provided disability insurance. As a whole, however, the cost of providing both short- and long-term disability insurance access to all private sector workers would be approximately 1.0 percent of total compensation cost ($0.30/$29.99). This would cost an employer $624 each year for a full-time (2,080 hour) worker.

Note: Costs calculated from Employer Cost for Employee Compensation (ECEC) published estimates. Dash indicates data not available or applicable.

Source: National Compensation Survey, U.S. Bureau of Labor Statistics.


Of employers that offer disability coverage 37% paid the entire premium in 2010, down from 49% in 2002.  As of 2011, voluntary programs (meaning the employee pays the full cost) make up 50% of all long-term disability offerings, up from 41% in 2002.  According to the Council for disability awareness, however, when employers add disability insurance as a voluntary benefit, participation is only around 40%.

 

Sources

Forbes

Counsel for Disability Awareness

US Bureau of Labor Statistics

Kaiser Health News


The Case for Disability Insurance

A major disability is something that happens to someone else… until it doesn’t!  The sad fact is most Americans are better prepared to die than they are to deal with disabilities.  If you are in your twenties, the chances are you rarely think about this.  But you should.  Just over one in 4 of today’s 20-year-olds will become disabled before they retire.In fact, over 37 million Americans or about 12% of the total population are classified as disabledMore than 50% of those disabled Americans are between the ages of 18-64.  At the end of 2012, 8.8 million wage earners representing more than 5% of the entire workforce were receiving Social Security disability insurance, (SSDI) 2.5 million of these were in their twenties, thirties or forties.  But I’m careful, I eat healthy and work out you say.  As it turns out, accidents are NOT usually the culprit.  Statistically, about 90% of disabilities are caused by illness.  Cancer, heart disease and other illnesses cause the majority of long-term absences.  Consider the following statistic for a 35-year-old male.

These costs are immediate, expensive and often not covered by insurance!

These costs are immediate, expensive and often not covered by insurance!

A non-smoking male, 5’10”, 170 pounds, who works an office job with some outdoor physical responsibilities and who leads a healthy lifestyle has the following risks:

  • A 21% chance of becoming disabled for 3 months or longer during his working career
    • Of these, 38% run the chance that the disability will last 5 years or longer
    • the average disability length for this person is 82 months

 

Similarly, a 35-year-old female weighing 125 pounds has a 24% chance of becoming disabled for 3 months or more during her working career.  As you can see, the chances are simply too great to ignore for the average working person.  Furthermore, most people think that Workers Comp or Social Security Disability insurance will cover their needs if they become disabled.  According to the Council for Disability Awareness, less than 5% of disabling accidents and illnesses are work-related.  The other 95% are not, meaning Workers Compensation does not cover them.  In addition, according to the Social Security Administration, 65% of initial SSDI claim applications were denied in 2012.  The average SSDI monthly benefit payment for males was $1256 and for females was $993, with 93% of all recipients receiving less than $2000 per month.

 

Given these numbers, how well prepared are American workers for disability?  Not very.  Forty-eight percent of US families do not save any of their annual income, and one third of working families have no retirement savings.  Consider the following chilling statistics.

  • 68% of adult Americans have no savings earmarked for emergencies
  • 65% of working Americans say they could not cover normal living expenses even for one year if their employment income was lost.
  • 38% could not pay their bills for more than 3 months.

So what does the average family do when confronted with a disability?  They begin running up expenses on their credit cards, get a 2nd mortgage, cash in their 401(k) or take out a home equity line of credit and ask family and friends for assistance through sites like go fund me.  As you might guess from the above numbers however, these solutions are inadequate.  According to a Harvard study, 62% of all personal bankruptcies and over 50% of mortgage foreclosures are a consequence of disability, and many end up on Medicaid for insurance.  Keep in mind that while Medicaid rules vary from state to state, the general requirements for income are less than $931 per month and countable assets of $2000 per person, not including your primary residence (with limitations based on your home equity), personal property and household belongings and up to one motor vehicle.  ($3000 per couple living in the same household)

 

What is the answer then?  Disability insurance!  How common is it?  Consider:

  • 65-70 % of workers in the private sector have no long-term disability insurance
  • That equates to about 75-80 million private-sector workers who are without long-term disability income insurance
  • Worse yet, only 46% of workers have even discussed disability planning

 

Next Blog: Access To And Cost of Disability Insurance

 

Sources

American Journal of Medicine

US Social Security Administration

Counsel for Disability Awareness

US Federal Reserve Board

American Payroll Association

Get Sick, Get out: The Medical Causes of Home Mortgage Foreclosures


You’ll Kick Yourself If You Miss out on This!

cr-cbstNormally, you look to this column for sage advice on matters relating to home service businesses.  This week however were going to take a bit of an end run on such topics.

 

Callahan Roach Business Solutions is an ardent supporter of the Joseph Groh Foundation, as you may have noticed from our website.  Who are they and what do they do you ask?  They are a 501©(3) Texas public charity which provides (among other things) financial assistance to those who are living with a life altering disability AND who have some kind of connection to the construction trades industry.  That makes them the only organization that we are aware of dedicated exclusively to providing financial assistance to those individuals in need who have made their living in the HVAC, electrical, plumbing, roofing etc. business.

 

The foundation was started by one such individual – Joseph Groh.  After spending 35 years in the HVAC industry, Joe had a freak bicycle accident on Father’s Day 2008 – and that accident left Joe a quadriplegic.  In other words, Joe is completely paralyzed below the shoulders.  In 2009 however he started up the foundation to help others in need, and Callahan Roach Business Solutions was an immediate supporter.  Since that time, the foundation has helped dozens of individuals in states all over the country purchase such items as handicapped accessible vans, rehabilitation equipment, complete home and bath remodels and more.  For more information on this unique organization please visit Josephgrohfoundation.org.

 

All of this brings us to a unique opportunity for you – when you will kick yourself for if you miss out on it.  The foundation has 2 tickets to the Dallas Cowboys-Houston Texans football game on Thursday, September 1 at 8 PM, but these aren’t just any tickets.  These tickets are in club level section C108!  If you were going to get any closer to the action you would have to suit up!

 

These seats normally cost $350 each or $700 for the pair, but the foundation will award them to the first caller who contacts them with a bid of $250 or more – for the pair!  If interested, please call Joe Groh at 214-998-9749.  Shoulder pads not included!


Change a Life by Playing a Hand

As you may or may not know, the official foundation of Callahan Roach Business Solutions is the Joseph Groh Foundation. Founded in 2009, this foundation provides financial assistance to individuals employed in the construction trades and their families who are living with a life altering disability. By life altering, we are talking about serious disabilities such as spinal cord injury, traumatic brain injury, cerebral palsy and the like. To date, the foundation has helped about 35 individuals purchase items like handicapped accessible vehicles, home and bath remodels – critically important things that insurance will not pay for. The foundation was started by Joseph Groh who was rendered a quadriplegic following a bicycle accident in 2008. Prior to that, he had spent 35 years in the HVAC industry working for contractors, distributors and manufacturers.

 

On Sunday, January 17 the foundation plans to host its 1st ever Texas Hold’Em poker tournament at WinStar casino in Thackerville, Oklahoma. Specifically, the event will be held in the poker room at the south end of the casino with a start time of 3 PM. Buy in for individual players is $150 which gives you 5000 chips, and if you prepay by January 15 you will receive an extra 1000 chips. There are also sponsor opportunities, as seen below.

 

TITLE SPONSOR $2500 >Qualifies for 9 Players in Tournament
CLUB SPONSOR $1500 Qualifies for 7 Players in Tournament
TABLE SPONSOR $1000 Qualifies for 5 Players in Tournament
DIAMOND SPONSOR $500 Qualifies for 3 Players in Tournament
PRIZE SPONSOR $500 Qualifies for 100% Tax Deduction
HEART SPONSOR $250 Qualifies for 2 Players in Tournament
SPADE SPONSOR $150 Qualifies for 1 player in Tournament

 

Joe Groh Foundation Poker TournamentProceeds from this tournament will directly benefit a woman who spent 25 years working in the construction trades as an office administrator for her brothers contracting business. Paralyzed as a result of a fall following her retirement, she has depleted her resources and recently moved in with her daughter. Her daughter’s home does not have a handicapped accessible bathroom, so for the last couple of months her mom has only been able to get bed baths. The foundation is working with a local contractor to assess what needs to be done to make the bath fully accessible.

 

We at Callahan Roach fully support this foundation, and we urge readers of this blog to join our efforts. If you have the opportunity and inclination to be a player or sponsor at the poker tournament, you will find all the information you need about doing so on the homepage. To learn more about this foundation and their work, log on to josephgrohfoundation.org. We believe you’ll find their motto of never look back, never give up and remain positive is a mantra for all of us to live by!

The Joseph Groh Foundation Homepage

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