Group Long Term Care
Long term care insurance options for your employee benefits plan
Should your business include long term care insurance as part of your employee benefits offering. That depends, but consider:
Someone turning age 65 today has almost a 70% chance of needing some type of long-term care services. Long-term care helps meet health or personal needs.*
The age makeup of your company will be unique, but in general, about 25% of the workforce is age 55 or older.** Even if your employees tend younger, getting long term care insurance earlier can make a big difference in the cost of this benefit and most pundits suggest that the optimal time to get long term care is around age 50.
Long term care insurance can help cover costs for assisted living. Monthly costs for assisted living now average $4,000. Other things long term care insurance can cover include:
- adult day programs
- respite care
- nursing home or specialized dementia care
- hospice services
Does it make sense to offer long term care insurance as part of your company's group program? We can help you answer that question, and we can help you find a group long term care option that makes sense for your benefits plan.
Contact an insurance agent at Schoen Insurance Agency today to answer any questions about Group Long Term Care or for a free review and insurance quote for Group Long Term Care.