By providing Long Term Care insurance at the workplace, an employer can save thousands of dollars a year. Plans offered in the workplace allow for extending coverage to employee's family members, such as parents, in-laws, etc. These often are the folks who will need care, and the employee is often the one to provide that care.

The loss of workers taking care of aging parents, costs businesses $17 billion a year. A full time employee with caregiving responsibilities is absent 12 full or partial days per year; is interrupted an average of 50 hours a year and has other losses totaling 23 days a year - a real big reason for employers to consider sponsoring a Long Term Care Plan.

Many people mistakenly believe that either their regular health insurance or Medicare will pay for these expenses. With Medicare, you are required to spend 3 day sin the hospital and then you are entitled to care for up to 100 days ayear only.

The rules regarding "giveaways" or "sheltering" your assets so that you could qualify for MediCal have changed substantially over the years, as they should have. Buying a Long Term Care policy means that when you need care you will be receiving care for pennies on the dollar. Even folks with high net work understand the value of "leveraging", and buying a Long Term Care policy is leveraging at work.

People should consider buying a policy during their 40's and 50's when the premiums are lower. The premiums remain level during the course of the policy, unless the company insuring the policy makes a company wide change in the premium. It can happen, but with the good companies it remains very constant.

Statistically, ½ of the folks who reach age 65 will need long term care on some level. Do we know who that will be? Not really, but I can tell you that needing the care and not having the resources or the policy will create some additional hardships for everyone in the family if the patient ends up needing MediCal.

Buying a Long Term Care Policy is the surest safeguard for all you have worked for. You will be able to rest knowing that when you need care you will have the availability of insurance to pay for the care you need, alleviating family members from the guilt and pressure of not being able to provide care. For many of us it is caring for our own families, working and then having to care for aging parents, leads us to be called the "Sandwich Generation". While I love sandwiches, this is one in which I'd rather not partake.

Please have your employer call us to get free quotes for a policy. They are usually tax deductible and can be provided to select group of employees. Additionally, employees are given the opportunity to "buy up" and to extend coverage to other family members. One never knows when the need for insurance will arise - it's better to be prepared.