Long-term care provides the assistance a person may need during retirement age with the basic activities of daily living – eating, bathing, dressing, transferring, toileting, and continence. It can also include supervision needed to protect a person’s health and safety. The need for long term care may develop from things such as an accident, illness, stroke, advanced age or other chronic condition such as Alzheimer’s, dementia or Parkinson’s disease. Long term care consists mainly of personal care not medical care, personal care is not covered by a health plan.
Long-Term Care (LTC)
- Group Medical
- Group Dental
- Group Vision
- Life Insurance / Accidental Death and Dismemberment (AD&D)
- Short-Term Disability (STD)
- Long-Term Disability (LTD)
- Long-Term Care (LTC)
- Employee Assistance Program (EAP)
- Travel Insurance
- Pet Insurance
- Section 125 Cafeteria Plan
- Consolidated Omnibus Budget Reconciliation Act (COBRA)
- Legal Services
- Qualified Retirement Plan
- Travel insurance
Long-Term Care (LTC)
FAQ'S
What is Long-Term Care?
This is NOT a long-term disability. LTC comes into play when an individual loses 2 out of 6 activities of daily living (ADL). The policy will pay a set amount, predetermined by the amount of benefits purchased.
Can the benefit be paid to assist with home health care or does it have to be in a nursing home?
LTC can pay a predetermined amount for home health care or for care in a nursing home. These amounts can be the same, but typically, home care is a lower benefit than nursing home benefits.
How much does Long-Term Care coverage cost the employer?
The group premium is predicated on the composition of the group (age and gender). The premium is tax deductible to the employer and the benefit is tax-free to the employee.
Can the employee take the coverage when they leave?
Yes. Upon termination of employment, the employee can continue coverage by simply paying the premium directly to the provider
