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Employer Sponsored

Employer Sponsored  Long Term Care

What is the biggest risk to your employees  hard earned retirement savings?   Becoming ill or disabled and needing care not covered by medical insurance could cost them from $40,000 to $80,000  per year.  70% of employees over 65 will need some form of Long Term Care.1

Just as you benefit your employees by providing a employer sponsored retirement plan you can   sponsor a voluntary Long Term Care employer benefit  plan that protects their retirement savings and offers your employees significant benefits they would not be able to receive if applying individually for coverage.

Why Employer Sponsored Plans are superior:

  • Unisex rates up to 50% less  for women
  • Employer Sponsorship discount 5% – 10%
  • Spousal Discounts up to 30%
  • Simplified Issue – allows a significant % of employee to qualify for coverage that would be denied with full Under Writing.

Employer Sponsored plans allow the Employer full discretion on eligibility,  benefit amounts, and plan design.  You can provide 100%  employer benefit for your key employees, while offering other employees  a voluntary benefit with no employer match. No ERISA laws or other government regulation limit how you structure the plan.  With a base benefit plan of $100,000 benefit pool and up to $3,000 a month in benefit  an average 50 year old employee would require a $50 monthly premium.   A 25% employer match would cost the employer only $12.50  a month,  compare that to what you pay for health insurance.

Benefits to Employer

  • Provide  retirement savings security to employees
  • Deductible as ordinary business expense
  • Discretionary Benefit  Structure
  • Executive Care out
  • Attract and Retain employees

Benefits to Employee

  • Discounts not available with individual applications
  • Spouse can be added to the plan for additional savings and benefit.
  • Simplified Issue
  • Portability  ( individual policies )
  • Employer contribution
  • Individual Premiums may be tax deductible,  Benefit Tax Free
  • Employer Sponsored Education
  • Payroll deduction for premiums.



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