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| Advantages to both the Employer
and the Employee: |
| For Employer:
|
LTCI
enhances employee benefits package by offering coverage
that may not be available with their health od disability
benefits. |
LTCI has similar
tax advantages to health insurance, for employers paying
all or part of the premiums. |
LTCI can help address
productivity issues for those employees who have care
giving responsibilities. |
LTCI can compliment an executive compensation
package when employers pay for top manager's coverage.
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| For Employees: |
LTCI
assist employees with their overall retirement planning,
by helping to protect their savings from the high cost
of services, should they find themselves in need of
LTC. |
LTCI helps employees
face a long term care situation even if it occurs at
a younger age due to an accident of illness. |
LTCI has inflation
features that help benefits keep pace with the rising
cost of services. |
LTCI offers benefits without the same requirements
necessary for either Medicare of Medicaid. |
LTCI provides a support system of
care coordinators who can help employees manage the
transition to long term care and alleviate some of the
care giving burden from family members |
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