There’s a lot of confusion out there about long term care benefits. Here are some of the common myths:
Myth: “It won’t happen to me.”
Reality: According to the U.S. Department of Health and Human Services, 70% of people turning 65 can expect to use some form of long term care during their lives.
Myth: “Health insurance covers this.”
Reality: Health insurance pays for hospital and medical care, it does not pay the costs of extended health care services. Long term care insurance (LTCI) will pay for the additional care you may need.
Myth: “The government will take care of me.”
Reality: Medicare and Medicare Supplement Insurance do not cover the costs of long term care as many think.
Myth: “I can’t afford it.”
Reality: Can you afford to pay out of your own pocket for Long Term Care services?
For as little as $60/month you can have a base plan to help offset these costs today and in the future when you need care.
Myth: “My family will take care of me.”
Reality: Caring for a family member or loved one can be emotionally and financially challenging. Caregivers miss an average of 7 hours of work per week – almost 18% of a 40-hour work week.
As a Denver PEO and Payroll Services company, we know that the fact of the matter is, you never know when you and your employees may need long term care. No one ever plans to be laid up for months or years at a time. Long term care benefits are there to help with the unexpected, which, unfortunately, happen all too frequently.
We are now offering long term care benefits and options here at Premiere Employer Services. We are doing this as we believe in sharing our unique talent to help others. It is truly our passion, along with challenging the status quo. As a result, we felt that it was high time to begin offering this unique option and benefit to you and your employees. If you have questions about long term care benefits, please reach out to us at 303-221-0558.
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