Group Long Term Care Insurance

Leading-edge employee benefit...

Today, about 40% of those receiving long term care are between the ages of 18 and 64. As a responsible employer, you already take steps to protect your employees. Chances are you offer a 401(k) plan and other programs to help them prepare for retirement. But, without long term care insurance, your employees risk depleting the assets they've worked so hard to build. With neither health insurance, disability insurance or Medicare designed to provide long term care coverage, the cost and responsibility of meeting care requirements falls to the employee.

Long term care insurance (LTC or LTCI) helps provide for the cost of long term care beyond a predetermined period. Individuals who require long term care are unable to perform the basic activities of daily living (ADLs) such as dressing, bathing, eating, toileting, continence, transferring or because of a severe cognitive impairment.

By providing long term care insurance you show that you value your workforce and you help secure and complete your employees' future retirement plans. Offering a tax-qualified long term care insurance program makes good business sense. Ultimately, what benefits your employees also benefits your company.

Flexible plans allow you to round out your employee benefit package, enhance employee retention and meet your business objectives.

• 100% CASH Plan available - Pays a monthly cash benefit regardless of services used or amounts spent. An eligible policyholder can use their monthly cash benefit for care as they choose - without policy restrictions or limitations.
• Voluntary employee-funded, employer-funded and executive carve out programs are available.
• Premiums paid for tax-qualified LTCI may be tax deductible as a business expense.
• Cost of coverage is easy to forecast and manage because premiums are based on age and health at time of enrollment.
• Employers can select the class of participants they wish to cover, since LTCI is not subject to non-discrimination rules.
• We provide customized education and enrollment to fit your company. We focusing on educating your employees so that they can make an informed decision regarding this risk to their retirement security.
• LTCI programs require very little administrative effort to offer a plan at no cost to the employer.
• Group LTCI:
  • Assists in key employee recruitment.
  • Protects employee's savings and assets from healthcare expenses.
  • Protects employee's family and relatives from the burden and stress of care giving.
  • Gives employees, and their extended family members, the opportunity to purchase at discounts off the standard rate.
  • Enables employees to take advantage of simplified, stream-lined medical underwriting.
  • Gives employees an opportunity to purchase at younger ages, making the premium more affordable.
  • Improves productivity and reduces absenteeism for employees who are also caregivers.
• LTCI benefits received by policyholders when they need care are tax-free up to the IRS limit.
• LTCI premiums paid by employers are not considered taxable income to employees.

CLICK HERE to see how affordable Group Long Term Care Insurance can be for your employees!

If you are an employer or a human resources representative and are seeking a group long term care insurance plan for your company, contact us directly at 800-848-5080.