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Why should your business be concerned with long term care?
55% of working caregivers report missing time from work because of caregiving responsibilities. (Work/Family Elder Directions, 1995)
By the year 2005, almost 40% of the America workforce will be in the prime age group (40-54) for caring for aging parents. ("The Aging of America is Making 'Elder Care' a Big Workplace Issue," WSJ, Feb. 1994)
With the next 25 years, 1 in 3 workers will provide some type of long term care. ("Group LTC Insurance: It's Not Just for the Elderly," Broker World, May 1997)
In addition, the financial impact on your business could be significant.
The cost in lost productivity to your business has been estimated at $2500 per employed long term care giver - for an annual national total of $17 billion. ("The Aging of America is Making 'Elder Care' a Big Workplace Issue," WSJ, Feb. 1994)
How can LTC insurance benefit your employees?
It allows an employee to continue working if a covered family member requires care.
It guarantees affordability of their future long term care costs.
It allows them to avoid dependence on family members and friends for care.
It protects their assets and retirement savings.
It ensures their current living standards.
What's the Next Step?
By granting access to a Long Term Care program designed especially for employer groups, you can offer your employees and their loved ones a priceless benefit. Best of all, you can offer this outstanding benefit at virtually no out-of-pocket cost to your company.
To obtain more on sponsoring and implementing a LTC program, please contact one of our long term specialists at 1-800-LTC-9336.
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