Long Term Care
The benefit of Long Term Care (LTC) is one the most overlooked insurance needs. Due to America’s ageing population, the U.S. Department of Labor’s Advisory Council on Welfare and Pension Benefits Plans believes we have “a potentially serious long-term care crisis in the United States.” The U.S. Census Bureau expects today’s 65 or older population to double to about 70 million in 2030, and the 85 and older population to nearly double to about 8.5 million. This rise in population means a greater need for healthcare needs, particularly for services like Long Term Care. Experts estimate that at least 60% of all individuals will need extended assistance in routine activities within their lifetime.
At Kaminsky & Associates, Inc we help employers understand the intricacies of Long Term Care so that they may make an educated decision when building their benefit plan designs.
Contact one of our associates to discuss options for your Group Benefit Plan.
