It’s November, which means three things: open enrollment, turkey dinners and long-term care. Today (Nov. 1) marks the beginning of Long-Term Care Awareness Month, a concentrated push to get employees thinking about how they plan to receive and fund care in their later years.
Since no one agency, nonprofit or other organization sponsors LTCM, there is a variety of sources for employers to find information for consumers on long-term care. Just a few:
* American Association for Long-Term Care Insurance.
* Kiplinger. The financial planning gurus compiled a
* Employee Benefit News. What kind of editor would I be if I didn’t point you to the content on my own magazine’s website? Here’s a sampling of what you’ll find:
- Stats showing the
- How
- The LTC
- Information on the
- Details on
"Each year awareness efforts tied to Awareness Month grow," explains Jesse Slome, executive director of AALTCI. "From a Congressional resolution, to proclamations issued by governors and mayors across America, support for the campaign's goal continues to grow."
When it comes to building awareness this month, "it's as simple as asking people if they have a long-term care plan in place," Slome notes, adding that the vast majority of individuals and families over age 50 have no plan in place. "As the saying goes, a failure to plan is a plan for failure and while insurance isn't a solution for all, everyone needs to weigh their options."
So, use this month to help your employees form an LTC plan. After all, everyone wants and deserves to be like