Pasadena, CA – Searching for an Employee Long-Term Care Insurance Company?

Are you thinking of including long-term care as part of an insurance benefit for your company?

This insurance program helps pay for costs of care when your employees have a debilitating condition that impacts their everyday functioning. While usually encountered in the later stages of life, there is no age limit or minimum to qualify for long-term care insurance. Long-term services assist people with activities like walking and eating to provide relief to families that don’t have the means to care for a relative in need. No matter an employee’s situation, there are appropriate insurance coverage options to help with their long-term needs.

Employers can tailor their benefits package to contain various benefits, including workers’ comp, accident insurance, small group medical, and long-term disability. Long-term care insurance isn’t always a benefit to companies’ insurance plans, but it can be quite effective at meeting the needs of your employee base. By including long-term care insurance in their benefits options, employers can provide a more secure future for their employees. Let’s take a look at some of the advantages of adding long-term care insurance to your benefits package.

Enhances Employee Protection Options

While Medicare and Medicaid help for some long-term care needs, coverage may not be pervasive. By providing long-term insurance plans for your employees, you’re granting them additional coverage they may not receive in typical insurance plans. As anyone who has experienced a relative in need of care, the rising costs of these services can be a blocker for people getting the care they need. Long-term care coverage can go a long way in enhancing your employees’ health.

Eases Strain on Employee’s Family

Long-term care insurance programs help protect an employee’s family’s assets if they need regular care. Long-term care can be provided in several formats, including home health care, nursing home, and assisted living facilities. Depending on your employees’ needs, these services offer time and care where family members or friends can’t. Because caring for someone can be a full-time job, caregiving professionals can provide much-needed relief for families struggling to provide the necessary assistance to their loved ones.

Tax Benefits and Additional Savings

An employer-sponsored long-term care plan creates savings for employees because insurance premiums are deductible up to 10% of their annual adjusted gross income. In addition, companies that offer long-term care plans can receive tax deductions, which can vary depending on the type of organization. Long-term care policies must abide by a set of configurations that qualify employers for tax deductions, including not paying or reimbursing expenses that Medicare would’ve reimbursed. When crafting your company’s benefits package, paying attention to how a policy will impact your organization financially is essential.

If you’re searching for long-term care plans for your company, get in touch with us at ERB: Employee Retention Benefits. Based in Pasadena, California, we help companies find the right benefits options for their employees. We provide coverage in the greater Los Angeles, California area and have over 129 carrier relationships throughout the United States. Our expert team looks forward to meeting you and discussing our benefits options, including long-term care insurance.