Long Term Care

Long term care may be one of the most important issues that we face today.  Care is expensive and costs continue to rise.  Funding is limited and many of these costs must be paid for out-of-pocket. As families and individuals see the costs of care continue to rise, some are already asking their employers for long term care help as a voluntary employee benefit.  Some companies, recognizing the strain put on an employee who is also a caregiver for an elderly relative, allow the employee to enroll their parents, spouse and children in the program.

Long term care insurance (LTCI) provides coverage not available with medical or disability benefits. The number of employers who have introduced a group long term care insurance plan has increased nearly 800% from 1995 through the end of 2007.

These organizations already understand the kind of difference long term care insurance protection can make in the lives of employees and their family members. 

Employers who want to encourage long term care insurance ownership can sponsor a discounted long term care insurance program for employees. The program may also allow employees to purchase discounted long term care insurance for family members. Policies on family members help guard against drop-offs in productivity or increases in absenteeism of employees acting as care givers by providing funds for professional assistance.

Representing several carriers, Benefit Design Associates can customize and administer a long term care insurance plan as part of an overall benefit strategy for your company.

For a no-obligation quote, use our online Quote Forms under Resources or call 480.998.0096.