CHAPTER 12Longterm Care Insurance

Jan McFarland

No discussion of employee benefits can be considered complete without a mention of longterm care (LTC) insurance. The benefit’s popularity has grown significantly over the past several years, with an 862 percent increase in employer groups installing an LTC insurance plan between 1995 and 2009.1 The benefit is primarily offered on a voluntary basis, giving employers a low-cost way to provide their employees with access to insurance protection that is generally not available with their other benefits.


Longterm Care (LTC) is personal care or supervision needed by persons of all ages for an extended period of time. Although many LTC situations result from the effects ...

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