Group Long Term Care Insurance

Long term care insurance is often overlooked compared to health, life, and disability insurance. While it’s not hard to see why (after all who can compete to be more memorable than “accidental death and dismemberment?”), this is still an oversight that smart employers won’t make.

When it comes to finding, attracting, and keeping the top talent, a great insurance plan will help to do just that, and there’s little question that having a long term care component can go a long way to making that package all the more attractive to prospective (and current) employees.

Group plans for long term care can have major advantages in providing coverage. Not only to employees feel happy to know they’re covered, but the more workers a business has, the more likely long term care will be necessary for someone at some point. This type of care can often be extended to family members, giving it an added appeal.

Just a few common options include:

• Executive based “carve out” plans for specialty employees
• Employer paid standard plans for basic care for employees
• Voluntary plans for an entire business’s employees

Long term care plans can be a little bit tricky when it comes to figuring out the specific details, so be sure to contact our professionals to learn more about what your options are as a large scale employer!