Long Term Care For the Workplace

The Budget Act of 1998 severely restricted home health benefits for the elderly. The mission is to cut $16.2 billion out of the Home Health Care by Year 2003. Employers have already read in the news media the dilemma facing seniors. More and more employees will have to assist in caregiving for their aging parents. Elder care is fast replacing childcare as the Number One dependent care workplace issue. The September 1998 issue of Incorporated stated "By the year 2000 nearly half of all workers will have some daytime responsibilities for elderly parents." Caregivers experience a great deal of added stress when the elder care crisis develops. Ninety-one percent of the employee caregivers alter their work habits in a negative way. This, of course, affects a company's bottom line. Employers are competing to retain talented employees. In today's workplace, good employee benefits are a lot more than just dollars and cents. Many firms are offering their employees the opportunity to purchase Long Term Care Insurance on a group basis. The plans also are offered to the employee's parents and in-laws. Call Insurance Planning today to find out more about this type of group plan and its advantages for your employees and their families.