A quick follow-up because the #1 call we get today is from consumers asking what LTC insurance costs and asking for smart ways to reduce the cost. The Association has a guide online that has good info and no personal info is required to read it. Click here: http://www.aaltci.org/free-guide/
Jesse Slome
Executive Director
American Association for Long-Term Care Insurance
http://www.aaltci.org
Jesse Slomeof CA6:20PM August 03, 2011
Since most employers offer long-term care insurance to employees on a voluntary basis, it's awfully hard not to question the SHRM data. Especially when there has never been greater awareness of the importance of planning for the risk of needing long-term care.
It runs contrary to everything we are seeing. In fact, the Federal government (which is the largest employer group offering long-term care insurance on a voluntary basis) just closed their Open Enrollment. They had 220,000 participants prior to the enrollment and I'll bet they easily added another 75,000 (if not more).
Long-term care planning has never been more important for those in their 50s. If your employer doesn't offer an option - look into individual coverage.
If your employer does offer coverage, it still pays to compare if you are married and in good health. Group plans generally don't offer discounts that individual plans do.
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Jesse Slome of CA 6:20PM August 03, 2011
Jesse Slome of CA 6:16PM August 03, 2011