Not a Member? Get access to HR news and resources that you can trust.
Change can be scary, but deploying new HR software doesn't have to be.
Is your employee handbook ready for the New Year? With SHRM’s Employee Handbook Builder get peace of mind that your handbook is up-to-date.
Get the HR education you need without travel expenses or time out of the office.
We don’t just visit a city, we take it over. Join the HR community in NOLA -- June 18-21, 2017.
Just over half (51 percent) of mostly large U.S. companies provide long-term-care (LTC) insurance as an employee benefit, according to the results of a Long-Term Care Benefits Program Pulse Survey by HighRoads, an employer health care compliance and benefits management firm. The survey report is available online, with registration required.
The February 2012 survey was fielded among benefits managers at U.S. companies, with a majority of respondents from firms with more than 10,000 employees. Among the findings:
• 96 percent of companies that offer LTC coverage said they will continue to do so.• 71 percent of companies offered coverage through a group plan; the remainder offered access to individual policies (typically employee-paid but sometimes employer-subsidized).
• 96 percent of companies that offer LTC coverage said they will continue to do so.
• 71 percent of companies offered coverage through a group plan; the remainder offered access to individual policies (typically employee-paid but sometimes employer-subsidized).
More Americans are expected to need long-term services and support to assist them in life’s daily activities as a larger proportion of the population lives into their 80s and 90s. Some studies estimate that about a third of Americans turning age 65 this year will need at least three months of nursing home care at some point in the future.
“The country has a growing number of retirees, many of whom will need some type of long-term medical care services in the future,” said HighRoads' CEO Michael Byers. Without long-term-care coverage, “millions of Americans will be left without a safety net should they become disabled.”
What Is Long-Term-Care Insurance?, SHRM Tools and Templates, November 2009
Planning for the Future: Long-Term Care as an Employee Benefit, SHRM Online Benefits Discipline, October 2008
The Need for Long-Term CareMost employees are unprepared for the enormous expenses posed by long-term care, says Peter Goldstein, EVP at Univita Health.
SHRM Online Benefits Discipline
• Sign up for SHRM’s free Compensation & Benefits e-newsletter
You have successfully saved this page as a bookmark.
Please confirm that you want to proceed with deleting bookmark.
You have successfully removed bookmark.
Please log in as a SHRM member before saving bookmarks.
Your session has expired. Please log in again before saving bookmarks.
Please purchase a SHRM membership before saving bookmarks.
An error has occurred
Recommended for you
SHRM Annual Conference & Exposition
SHRM’s HR Vendor Directory contains over 3,200 companies