Texas Group Long Term Care Insurance

Long-term care is a broad term used to describe the various services and health care provided for those who can’t take care of themselves, usually due to injury or chronic health condition. Offering a group plan to your employees that covers long-term care is a terrific way to set yourself apart from other businesses in your industry and give your employees peace of mind knowing they’ll be taken care of.

With the rising costs of health care, a good long-term plan can be a great incentive to attract and keep the brightest employees available. The cost of a nursing home alone can be more than $50,000 a year–and that’s a nationwide average.

Here are some of the services and facilities typically covered under long-term care insurance:

• Nursing homes and assisted living
• Hospice and respite care
• Residential care facilities
• Special care facilities
• In-home healthcare
• Occupational and rehabilitative therapy
• Personal care and caregiving

Many companies in Texas that provide group long-term care insurance to employees do so through a voluntary plan, in which the employee is responsible for the premium. For the most important employees and top-level executives, some businesses prefer carve-out plans to provide an even more comprehensive benefit.

Click here to learn more about group carve-out plans, including the advantages and disadvantages that come with them.

Own a Texas business and considering offering a group long-term care benefit? Get a FREE estimate by contacting us today, either by calling the number at the top of the page or by filling out the short online form! No payment required!