Group Long Term Care

Offering Long-Term Care Insurance to Employees

As the baby boomer population has aged, employers have been increasingly confronted with the long-term care needs of employees. The cost of long-term care is often not completely covered by health insurance, and in some cases, the specific kind of care that’s needed isn’t covered at all.

As the senior generation of workers has found, long-term care requirements of family members can sap a family’s finances, leaving little or nothing in the retirement account. The demands can cause distraction at work and absenteeism.

For these reasons, many companies include group Long Term Care (LTC) in their employee benefits menu. DiNicola Insurance Services offers Group Long-Term Care insurance that covers costs associated with care received at home, in the community or in a specialized facility, such as a nursing home, assisted living, or respite care.

An employer-sponsored group policy offers advantages to the company as well as the employee. There are tax deductions for employers, and benefits from qualified plans are tax-free to the recipient. In some cases, health savings account funds can be applied to premiums.

Group Long-Term Care insurance can be offered as an employer-paid or a voluntary benefit paid for by participants. It can be made available to employees only, or it can be expanded to include employees’ family members.

Help employees protect their retirement savings.

DiNicola Insurance Services provides commercial insurance, employee benefits, and risk management services in communities throughout the San Francisco Bay area, including San Mateo, San Jose, Alameda, and Marin County, California. To get started on a complete insurance program for your business needs, contact us by phone at 855.247.1912 or by email, or you can complete and send the form on this page.