TX Assurance Care

Advantages of Long-Term Care Insurance as an Employee Benefit

Offering long-term care as an employee benefit has several unique features and advantages. Unlike health insurance plans, a company can elect to pay for all employees, some employees, or no employees. It can be a voluntary program that is offered but not subsidized by the company, or a company can elect to pay the premiums as part of an enhanced benefit or incentive only for certain key employees or owners.

The advantages to the company can range from tangible benefits such as tax deductions (100% of premiums paid by C-Corps) to more intangible benefits such as improved productivity and lower employee stress, absenteeism, tardiness, turnover, retraining, and replacement, by relieving employees from primary caregiving responsibilities for elderly family members.

Studies have shown that providing long-term care for elderly or disabled family members will surpass childcare in the next century as the top dependent care issue for workers, and it will impact 1 in 3 workers.¹

Another outstanding feature of long-term care as an employee benefit is the simplified underwriting and group application discounts. Premium discounts for some plans can be as much as 35%.

¹Source: USA Today.

If you are interested in learning more please select one of the following options, fill in the blanks, then click Submit:

I am an employer and I would like to talk to you about offering the benefit option to my employees.

I am an employee with caregiving responsibilities and would like for you to discuss this benefit with my employer.

I am self-employeed and would like to know how I would benefit from purchasing this type of plan.

I don't fit any of these categories but would like to talk to you about this type of insurance.

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*TDI Licensed as D'Alyce Lynn Brunn-Shank.