Long Term Care Insurance as an Employee Benefit

You know knowledge is power. We believe that so strongly, it is in our company name. At EM-Power we provide education to employers about a massive hole in their benefit program that affects every business owner, executive and employee; a hole many people live on the edge of their entire lives and don’t even know is there.

We’ve identified the three main reasons this occurs, and are committed to helping people foresee the danger to their financial well being before it is too late for them to rectify the problem. So what are the misconceptions out there and why?

1. Most people think long-term care is covered by their health insurance plan. Traditional health insurance simply is not designed to pay for long-term care and people generally don’t come to realize their gap in coverage until they’ve fallen through it. Unfortunately at that point, there is no way to turn back the hands of time to safeguard themselves.
2. People incorrectly assume the government will take care of them. In reality, most people don’t understand the differences between Medicare and Medicaid, or that they need to sacrifice their 401k and savings before the government program they thought was at their disposal will kick in to give them surprisingly minimal and fairly inflexible coverage.
3. People don’t think “it” could happen to them. Many people try to fool themselves by not thinking about death or by telling themselves they will live to a ripe old age and drift off comfortably in their sleep. In reality, 70% of all Americans will have a need for long-term care at some point in their lives.

The truth of the matter is that people don’t choose an accident, injury, or illness. It chooses them and it does not discriminate based on “what kind of life they lead” or what they want to happen. Helping people come to that realization is essential to help them safeguard their personal and financial futures. Denial, misinformation, and avoidance do not decrease a person’s chance of requiring long-term care unfortunately. Careful planning done by informed people can make a profound difference the experience by protecting people’s assets and preserving their choices over care decisions.

People’s care is ultimately in their own hands. Wouldn’t it be great if they were able to make choices about their future through a position of knowledge and understanding???What is the biggest objection you hear about long-term care insurance? How can we help?

For further information please contact Doug Ross at 800-483-1115. x223, or e-mail dross@empowerltci.com.

Tags: Assisted living, Class Act, Class Program, Community living Services and Supports Act, Education for long-term care, Employee benefits, Employee recruiting strategies, Employee retention strategies, Employer sponsored benefits, Executive benefits, Federal long-term care legislation, Federal long-term care plan, Financial planning, Government long-term care insurance benefits, group long term care, group long term care insurance, Home health care, long term care insurance, long term care insurance companies, long term care insurance plan, long term care insurance quote, Long-term care, Long-term care education, Long-term care insurance tax advantages, Long-term care planning strategies, LTC, LTCI, Nursing home insurance, Opt out long-term care insurance, Paying for assisted living, Paying for home health care, Paying for nursing homes, Tax advantages of long-term care planning, Voluntary long-term care insurance, Wealth preservation | Filed under: worksite Long Term Care