Long-term care insurance covers services generally excluded from regular health insurance coverage, Medicare, or Medicaid. These are commonly known as ADLs or the 'activities of daily living'. These may include but are not limited to functional mobility, bathing and using the toilet, personal hygiene, eating, and safety/emergency responses. Long-term care insurance can also cover the cost of nursing care and physical and speech therapy. This type of insurance is often overlooked by employers seeking to implement benefits packages, despite the often-prohibitive costs of long-term care. The U.S Census Bureau estimates that the 65-or-older population will reach 70 million in 2030. Considering the average 65-year-old today has a 70% chance of needing long-term care, it seems unwise not to have a long-term care insurance plan in place. It is not just the aging population that benefits from long-term care insurance. Many people who ultimately require long-term care insurance have suffered a debilitating accident or been diagnosed with a chronic disease. Data from the U.S. General Accounting Office evaluates that approximately 40 percent of Americans receiving long-term care services are aged between 18 and 64. It is a cruel reality that individuals often do not consider the value of long-term care insurance until it is too late. Employer-Sponsored Long-Term Care Insurance Plans Makes Your Business a More Attractive Place To Work  One of the first and foremost considerations of a prospective employee is the benefits package your company offers. With many employment seekers considering medical, dental, and vision insurance as a bare minimum requirement, offering a long-term care insurance option will make your business or corporation stand out in today's competitive job market. In addition, the inclusion of long-term care insurance in your employee benefits portfolio will attract sign-ups from individuals who would otherwise not have considered it. Employer-sponsored plans have an option of guaranteed-issue policies, making it easier for more candidates to qualify. Long-Term Care Insurance Plans Ensure Your Team Feel Valued Many individuals who do not purchase long-term care insurance are simply hoping that their retirement savings will cover any such expenses. They may erroneously believe that they will be taken care of by Medicare. By offering an employer-sponsored insurance plan, you have the opportunity to educate your team and demonstrate that you take their financial wellbeing seriously. Long-Term Care Insurance Options Are Easy To Implement At Employee Retention Benefits Inc (ERB), we pride ourselves on our commitment to client satisfaction. Our combined decades of experience and up-to-the-minute working knowledge of the industry ensure we provide the best employee retention benefits solutions for your business, every time. If you have a company in Pasadena, CA or the surrounding areas, contact us today!