| As a good corporate citizen, your company no doubt has comprehensive benefit plans in place for your full-time employees, such as hospital and medical, disability and group life. These are practically prerequisites for employers these days as most competitive businesses have them.
However, most major health plans do not cover the costs associated with chronic, long term conditions that require nursing home or other custodial care. Long term care is the type of help you need when you’re not able to perform daily activities of living such as eating, bathing and dressing by yourself. Typically, it's not provided by doctors or skilled nursing professionals, and its goal isn’t to cure an illness.
While substantial support can be provided by family and loved ones, the major costs1 associated with long term care – paying for an array of personal care, health, social and supportive services – can place significant financial and emotional burdens on your employees and their families.
The security offered by an individual tax-qualified long term care insurance policy from MassMutual is a great way to round out your benefit programs, help protect employees and enjoy additional tax advantages2.
Access a link below to see how a tax-qualified SignatureCare® Long Term Care benefit offering can be designed to fit your specific needs. |