It's a win-win trend, the industry leader says, with bottom-line benefits for employers and government as well as employees and their families.
KIRKLAND, Wash., Sept. 25, 2014 /PRNewswire/ -- Why isn't long term care insurance, like health insurance, available at the workplace? Well, increasingly it is -- and more Americans should take advantage of that fact, according to ACSIA Partners, a leader in long term care planning.
"We're providing LTC education and policies to more and more Americans at their place of work," says Denise Gott, ACSIA Partners' CEO. The workplaces range from local mom-and-pop companies to large national corporations and non-profits.
It used to be that long term care protection was mostly a family matter, but that's changing, according to Gott.
"People need help here, just as they do in securing health insurance," she says, pointing out that employer-mediated "mult-life" plans offer many advantages for employed people:
- Lower rates based on group participation.
- Simplified health screening.
- Faster review and approval.
- The option to include non-working family members.
Employers also enjoy bottom-line benefits. When employees and their families have LTC protection, organizations tend to –
- Avoid unnecessary absenteeism that happens when their people become caregivers for family members who lack funds to pay for care.
- See better performance by covered employees who worry less about the care needs of family members or themselves.
- Attract and keep top people thanks to the LTC benefit, a new gold standard of benefit packages.
The trend toward workplace LTC insurance also helps keep federal and state governments solvent. "Medicaid is the default supplier of long term care funding, and that could be a budget buster as baby boomers age," says Gott. "Widespread private protection, thanks to employers, can help keep Medicaid in line."
Gott advises talking to one's employer about LTC insurance regardless of whether it's currently offered as a benefit. "Multi-life programs can be set up quickly for groups as small as three or large as thousands," she says.
ACSIA Partners specialists are available for consultation in all parts of the country. They advise families and organizations on long term care planning options that include but are not limited to LTC insurance. These range from critical illness insurance and annuities to life insurance with LTC riders.
Information is available at the company website: http://www.acsiapartners.com.
ACSIA Partners, LLC, is one of America's largest and most experienced long term care insurance solution agencies. The company is also a co-founder and sponsor of the "3 in 4 Need More" campaign, which seeks to alert Americans to the long term healthcare crisis, and to multiply the number protected by long term care planning.
Caption: ACSIA Partners CEO Denise Gott.
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SOURCE ACSIA Partners