A relatively new addition to many companies' benefit packages, long-term care insurance guarantees that workers will be able to live in a retirement community or nursing home should they need to later in life. Because of the uncertainty that requiring full-time care can create, quite a few employees are finding long-term care insurance desirable.
In fact, according to a Towers Watson survey, 42 percent of workers will rethink and reevaluate their long-term care insurance options in the next year. This is the perfect opportunity for companies that don't currently offer LTC insurance (or who wish to improve their offerings) to add it to a roster of benefits that will entice high-quality workers to join their ranks.
Because there is limited familiarity with such a process, acquiring LTC insurance can be difficult for novice employees. Consequently, to make such an effort possible and not prohibitively expensive, organizations should turn to the services of an employee benefit specialist. These professionals will be able to highlight the best plans possible and can ensure that top-notch candidates are applying for all positions within a business.
