What Should I Know About Long-Term Care Insurance Trends & Predictions?
The number of employers offering group Long-Term Care insurance to their employees is rapidly growing. You can benefit from lower rates purchasing as part of group, and some employers may cover a portion of long-term care insurance. Another benefit to group coverage is there may be limited benefits available without medical questions/evidence of insurability.
Employers of all sizes can offer voluntary LTC insurance benefits, so check with your HR department to find out if your employer offers it or to talk about your interest in this coverage. If your employer doesn’t offer LTC insurance, Austin Benefits Group can help you find an individual policy that suits your needs and budget.
Long-Term Care isn’t just for the elderly, even people between the ages of 40 and 50 have disabilities that could require LTC. If you consider this trend, buying Long-Term Care insurance before retirement age can ensure you have coverage when you need it.
Women live longer than men on average, so they may need to buy a higher amount of LTC insurance and/or purchase earlier to lock lower rates.
How can I learn more about Long-Term Care Insurance for Myself or for My Employees?
Contact the experts at Austin Benefits Group today for a free consultation. Whether you are looking for individual or group coverage, we are here to help.