Employers - Work-Site
Prepare2CareSM with Home4CareTM
the evolution of voluntary CASHLTC insurance
When one of your employees has a chronic-illness, or must provide informal caregiving for someone at home, it may put your business at risk because it can have a great impact on your bottom line. Informal caregiving responsibilities often consume the caregivers physically, mentally and may be financially devastating.
Please realize that long term care is not covered by health insurance plans, Medicare or disability income insurance!
Unlike other forms of insurance provided through the workplace, Home4Care(TM) is typically funded completely by the employee, without a contribution from the employer. Even without a contribution from the employer, HomeLTCi or traditional LTC insurance through the workplace can give employees the advantages of group insurance over individual policies. Premiums for employer-group plans are often discounted by the insurer and therefore provide incentive for employees to purchase this insurance.
Some carriers will offer simplified underwriting for 3 or more lives.
Informal caregivers provide an average of 21 hours per week, or 1,080 hours per year
The economic impact on U.S. Businesses from informal caregiving is significant. Almost one-fifth of workers (19%) are informal caregivers.
Productivity losses to business related to informal caregiving have been estimated to be as much as $33.6 billion (2004)
AARP Public Policy Institute June 2007
To receive a Work-Site Quote for 3 or more employees from a licensed professional in your area click here and fill out request form
or Call 800.290.7400