Why Employers should offer Long-Term Care Insurance

The biggest reason cited by employers on why they offered Long-Term Care insurance is their desire to offer leading edge benefits.
Employer sponsored Long-Term Care insurance is increasing anywhere from 8 to 30 percent from year to year (1987-2000).

They also give some great reasons for employers to offer long term care insurance:
1. Retention of employees.
2. It is a critical component of retirement planning.
3. Gives employees a sense of security about their future.
4. Ease the care-giving burden.

The burden to the caregiver can cause reduction in productivity from a business standpoint. Some policies offer benefits to caregivers. Again, this resource is a bit old (2000). But while the data may be stale, the points are all still (if not more) valid today.

For more information on how your employer (or if you are an employer) can add the benefit of Long-Term Care insurance, contact a Long-Term Care Specialist