Benefit Packages | Voluntary | Long Term Care
Hospitalization | Accident | Catastrophic | Disability | Vision | Dental | Life Insurance | Long Term Care
Voluntary Long Term Care (LTC) has become very popular in recent years. LTC is insurance that helps defray the costs of assistance with the activities of daily living or the costs of supervision due to a severe cognitive impairment. Depending on the coverage selected, care can be received at home or in an assisted living facility or nursing home. As the population continues to live longer, LTC has become an important part of most benefit plans however costs prohibit most employers from purchasing group plans for employees. By offering LTC as a worksite benefit, this allows aging employees to purchase LTC individually and frees up more company dollars to be used in areas where all employees see the value.
|
