Long-term care insurance, a popular benefit with employers for many years, is undergoing a rapid transition at the worksite. Gone are the days of a broad one-size-fits-all group plan with guaranteed issue coverage. Those plans were designed for ease of enrollment but often had compromises. Today, the focus is on plan customization and targeting offerings tied to retirement planning, including new life/long-term care offerings.
We know why baby boomers are interested in planning for LTC and buying LTC insurance. Many have dealt with an aging family member who needed expensive care and ended up reliant on others.
Others boomers are well-educated on the cost of care and its impact on a retirement plan. They want to plan for LTC but don't know how to get started and are skeptical of insurance carrier promises.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
