Benefit Manager Resources

If you are involved making benefit related decisions for your organization, you may already know that medical insurance plans are not designed to provide Long Term Care (LTC) services.  LTC can encompass a wide range of supportive and health services that are required when an individual suffers from a chronic illness, or an accident renders them physically or cognitively unable to care for themselves. These services can be very costly, and the vast majority of working age adults have not made the preparations to deal with this type of unexpected financial burden.  While employees will likely have some form of disability insurance, those benefits are designed to pay regular monthly bills and will not likely be enough to cover the added cost of care services.

The Hybrid Professional LTC Plan (HPLTC) offers a compelling alternative to traditional Long-Term Care (LTC) insurance and when offered to employees and executives through work, they benefit from significant underwriting concessions. If your organization were to provide a core monthly LTC benefit of $2,000 per month, eligible participants would be permitted to buy-up to $8,000 per month without evidence of insurability and $12,000 by answering two questions. Their coverage is fully portable and includes a number of unique and flexible policy features that are described in the plan summary.