Tag Archive: employee benefits

Mar 11

Long-Term Care Insurance is Productivity Insurance

A tidal wave of caregiving is about to hit U.S. employers as the fastest growing segment of the workforce is age 55 and up, employees who are in their prime caregiving years. Just under half (49%) of the workforce expects to provide care to a family member or friend in the next five years. Do …

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Jul 15

True Group vs. Multi-Life

Size matters.   When we say that about half of the long-term care insurance policies were bought at work, we are talking about a combination of true group and multi-life.  Multi-life generally applies to companies with less than 100 employees but can extend several hundred  What is the difference? Multi-life LTCI is simply an individual long-term …

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Jan 07

What Happened to the New Government Program That Was Supposed to Pay for Long-Term Care?

The Community Living Assistance Services and Supports (CLASS) Act was a provision in the 2010 health care reform act (Public Law 111-148) that was supposed to provide an average benefit of $50 a day depending on the level of impairment with a lifetime (unlimited) benefit period. This benefit would grow each year based on Urban …

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Sep 19

LTCI Tax Incentives for Employer-Sponsored Plans

Many employers are deciding it is more cost effective to contribute to the premium for a worksite LTCI plan rather than incurring costs due to caregiver absences and distractions.

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Aug 23

The Impact of Long-Term Care on the Employer

Many employers have come to recognize that long-term care insurance can be “productivity insurance.”

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