Group LTC Benefits Blog

3 great resources to help tackle the issue of caregiving at the workplace

The impact that caregiving has on the workplace is huge - both in financial and emotional cost to employees and the companies they work for.  According to a recent market research, a caregiving employee will average 5 days of missed work to provide care and  incur $3,200 annually in additional costs due to poor health, loss of productivity and legal liabilities!  And, with the cost to replace a valued employee about 150% of their annual salary, even a cold-hearted employer can't justify replacing the caregiving employee.(1) 
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Caregiving and the Workplace: Can Group LTC Insurance help?

Houston, we have a problem! I won’t bore you with the stats or studies, as you’ve probably seen them all before.  Most of us (including HR professionals & business owners) “get it” or understand America’s shifting demographics. If you’re reading this, you’re likely in the benefits business and that means that you’re looking for innovative ways to help your clients manage rising health care costs and issues that impact them (like absenteeism, retention, productivity, presenteeism, etc.).
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The Win-Win-Win Benefits of Group LTC Insurance

It's a question we are often asked, “Why Group LTC Insurance and why now?” We’re sure you know about the studies and have read enough in the media about our aging workforce and Boomer population. Simply stated, we need to plan for a new reality—we’re living longer, living with chronic healthcare issues and having to pay for both. 
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Solving the LTCI funding dilemma with an HSA

The concept has been around for at least a decade or more, but High Deductible Health Plans (HDHP) and Health Savings Accounts (HSA) really only started to gain traction in the workplace within the last few years… so it's possible your clients are now contributing their tax-free dollars to an account with favorable incentives for LTC planning.
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