Group Long Term Care

Today 12.8 million people of all ages need a type of assistance known as long term care (LTC) because they need help with the Activities of Daily Living (ADLs) such as bathing, dressing, eating, toileting, continence and transferring. Surprisingly, 78% of the caregivers are family members, many of whom also hold jobs. Studies show that employees who have long-term care responsibilities experience stress and increased absenteeism - problems that can affect their performance. Increasingly, employers are feeling the financial impact of annual productivity losses and must plan for a future that shows one in three workers will provide some type of long term care.

Not only are families providing the care but changes in federal policy have shifted the burden of long-term care costs from the government to individuals and their families. By incorporating LTC insurance into their benefit program, companies can help employees avoid financial disasters and remain productive on the job. Group long-term care offers an opportunity for employees to purchase long-term care protection at group rates.

Companies that offer group long-term care insurance are eligible for tax incentives.