Oberman Insurance Services

Plan for the Future With Long-Term Care Insurance

The Importance of Long-Term Care

Chances are you'll live well into your 80’s and possibly significantly longer.

When you live a long life, the likelihood you'll need long-term health care is greatly increased. Younger people also need long term care as a result of accidents or illnesses.

Long-term care is generally not covered by medical insurance, by Medicare supplement plans or most employer insurance programs. For seniors on Medicare, the long-term care benefits are quite limited.  That is why over 10 million Americans have purchased long-term care insurance.


An increasing number of employers, organizations and associations are helping their employees and members plan for the very real risk of needing long-term care. Yes, that’s right; employers can offer a long term care insurance program to their employees.

Here are some of the advantages of offering long-term care insurance to your employees:

Obtain discounts only available when purchased on a group basis. Take advantage of simplified health underwriting also only available on a group basis.

Help secure retirement savings by protecting against the high long term care cost.

Allow individuals to retain independence in decisions concerning care rather than relying on family members or government assistance.

There can be tax incentives and employer-sponsored long-term care benefit programs can be 100% voluntary (the employee pays the entire premium).

Groups today can be as small as three (3) employees or as large as 30,000. Coverage can include selected employee groups. It can also be offered to spouses, partners, parents and parents-in-law, as well as to retirees and spouses of retirees.

Options for Employers (or groups) include:

  • Executive Carve-Out Plans for key employees.
  • Employer Paid Base Plans for management or all employees.
  • Voluntary Plans for all employees.

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