Long-term care involves services, both medical and non-medical, provided to people who cannot perform basic activities of daily living such as dressing or bathing. People receive long-term support and services at home, in the community, or in a facility. According to the Department of Health and Human Services, someone turning age 65 today has almost a 70% chance of needing some type of long-term care services and supports in their remaining years.
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Do Consumers Really Understand Long-Term Care Insurance?
Topics: Long-Term Care Benefits Employer Sponsored LTCI Group & Employee Benefits Long-Term Care Insurance
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Employers Eye Insurance Benefits as a Way to Attract, Keep Talent
LIMRA estimates 86 million employees could have access to new insurance benefits within 2 years
Facing a historically tight job market, many employers are looking to bolster their workplace benefits to attract new talent and retain their existing workforce. In a LIMRA survey of U.S. private employers with 10 or more employees, 60% said they are considering adding a new insurance benefit within the next two years ― roughly double the interest employers expressed five years ago.
