Planning Ahead for Long-Term Care Benefits









 

 Brian Johnson of National Long Term Care Brokers, a solution provider company at the marcus evans Mid-Market Corporate Benefits Summit 2012, discusses the advantages organizations can gain by providing long-term care insurance to employees.

Interview with: Brian Johnson, Director – Business Development, National Long Term Care Brokers.


FOR IMMEDIATE RELEASE


Long-term care insurance (LTCi) is a benefit highly sought-after by employees, but often overlooked by employers, says Brian Johnson, Director – Business Development, National Long Term Care Brokers. LTCi is highly valued as today’s aging workforce worry about being a burden to their families and want to protect retirement assets.


From a solution provider company at the upcoming marcus evans Mid-Market Corporate Benefits Summit 2012, in Las Vegas, Nevada, January 23–25, Johnson shares his views on why offering a long-term care (LTC) plan will attract and retain employees.


Why should employers plan ahead for LTC?


LTCi is an employee benefit which is often overlooked. It prevents people from being a burden to their loved ones and protects retirement assets, as it is a funding mechanism to pay for the potential high costs of home health care, assisted living and skilled nursing.


It is imperative for employers to allow employees to protect their families. More and more employees are purchasing their insurance coverage through their place of work, including Long-Term Care insurance, as it is simply easier, offers discounted premiums and automatic acceptance or simplified issue, allowing those applicants with a compromised health history the ability to enroll.


Young employees are already concerned about their own care after retirement as they have most likely gone through it with parents or grandparents. Everybody has been affected in some way or other. Offering a LTC plan is a great way to attract and retain employees.


Why should organizations consider LTC as a priority for employees?


Advances in medicine mean that people are living longer than ever and we must plan for a longer life in retirement.


Private health insurance and Medicare do not cover extended healthcare. Medicaid is reserved for those at or below the poverty line. LTC is simply a part of the retirement planning process. The average purchasing age is in the 40s and 50s, as premiums are lower for younger employees.


Is age a key consideration in LTC benefits?


Many associate LTC with end of life situations, however over 40 per cent of LTC is for those under the age of 65 who suffer from Parkinson’s, cancer, strokes or accidents.


Employers should not wait around. The longer they wait to make this available on a voluntary basis, the more their employees will pay, as premiums only get higher with age. Organizations also have to realize that one size does not fit all. What is right for a 60-year-old male will not be right for a 30-year-old female. Therefore, offering LTCi requires education, which is handled by insurance company partners, making this important benefit easier than ever to roll out.



Contact: Stacey Melvin, Journalist, marcus evans, Summits Division


Tel: + 357 22 849 400
Email: press@marcusevanscy.com



About the Mid-Market Corporate Benefits Summit 2012


This unique forum will take place at the Red Rock Casino, Resort & Spa, Las Vegas, Nevada, January 23-25, 2012. Offering much more than any conference, exhibition or trade show, this exclusive meeting will bring together esteemed industry thought leaders and solution providers to a highly focused and interactive networking event. The Summit includes presentations on the continuing uncertainty over the healthcare reform, developing and implementing new benefit plan designs and better engaging employees.


For more information please send an email to info@marcusevanscy.com or visit the event website


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The HR Network – marcus evans Summits group delivers peer-to-peer information on strategic matters, professional trends and breakthrough innovations.


                           


Please note that the Summit is a closed business event and the number of participants strictly limited.


About National Long Term Care Brokers


National Long-Term Care Brokers (NLTCB) is a nationally recognized insurance intermediary offering LTCI, Life and Disability Insurance to employer sponsored groups. With representation in all 50 states, NLTCB clients include labor unions, Fortune 500 companies and professional associations. Representing over 40 insurance companies, NLTCB offers truly objective advice.


www.NLTCB.com


About marcus evans Summits


marcus evans Summits are high level business forums for the world’s leading decision-makers to meet, learn and discuss strategies and solutions. Held at exclusive locations around the world, these events provide attendees with a unique opportunity to individually tailor their schedules of keynote presentations, think tanks, seminars and one-on-one business meetings. For more information, please visit www.marcusevans.com



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