Group LTC Benefits Blog

Caregiving Benefits: A New Trend in Benefits?

Caregiving benefits

A Society for Human Resource Management (SHRM) report says that more than 75% of employers believe that caregiving benefits will become more important to their companies over the next five years.  Why? In an attempt to increase productivity, decrease absenteeism and reduce health care costs (in that order) are the reasons more employers are considering investing in caregiving benefits, programs and services.  So where does Group LTC Insurance fit it? It won’t help pay for the care of loved ones, but it will protect an employee from his/her own care event and some product provide resources (education & information) for family members who are currently receiving care.  Bottom line – LTC planning provides peace of mind and goes hand-in-hand with these new caregiving benefits.

 

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Topics: Group LTCI,, Employee Benefits, Multi-life

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