The American Association for Long Term Care Insurance recently completed a study on employee-sponsored long-term care insurance.
According to the annual study, over a third (37.2%) of new group buyers were age 55 or older compared to 28 percent for the prior year (2008). “Younger employees likely decided they could postpone the decision,” Slome suggests.
The odds of long-term care affecting one of your employees is 50%, whether the person directly needing long term care is the employee or family member. If it is a family member without coverage, employees often must provide care themselves leaving them less able to give their best at work.
We recommend everyone, employees and employers alike, take some time to visit the AALTCI website here to read more about this interesting study.
The health and wellbeing of a business is more reliant upon long term care coverage than most realize.
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