Webinar: Breaking Benefits - Long Term Care Market Updates & Legislation

During this Breaking Benefits session, we discuss employee's needs for long term care, why employers should be thinking about it and how potential legal changes can impact highly compensated employees.

Did you know approximately 1 in 2 people turning age 65 will need some type of paid Long-Term Care services in their lifetimes? The cost of care could vary widely. For example:

• The median annual cost for a home health aide is currently $54,912.
• A year in a nursing-home private room is $155,124.
• The estimated lifetime cost of care for someone with dementia is $321,780.

And as our life expectancy grows, the potential costs will continue to increase.

3 Key Reasons to Offer a Program to Your Employees

1. Better Underwriting
   1. Guarantee issue (no health questions)
   1. Simplified issue (less health questions)
2. Better Pricing
   1. Gender neutral group
   1. Rates are less expensive
3. Financial Wellness Education
   1. Timley education around long-term care planning
   1. Employees do not know about "LTC risk"