When the limping economy has employees making tough financial choices, it can be even harder to make the case that they should consider purchasing long-term care insurance. A new tool from Prudential aims to help benefit managers provide indepth LTC cost information by state and even city so employees can make the most informed decision. They will need the information more than ever, as Prudential finds LTC costs are poised to more than double.
More From Employee Benefit News
Benefits Think The most practical healthcare innovation in America isn’t coming from Silicon Valley
Public sectors are approaching chronic disease support out of necessity, leading to benefits that build a stronger workforce.
Benefits Think Moving to a top-down diagnostic of program value
A financial spreadsheet alone cannot capture the total value and performance of a benefits program, nor can numbers on a ledger guarantee long-term operational success.
How Bank of America helps employees handle life’s biggest events
The company's Life Event Services team guides colleagues through resources and benefits that make major milestones easier to manage, and has worked on more than 700,000 cases over 12 years.
Q&A: BMO’s Melissa Dal Vecchio outlines 3 key benefit trends
The health and welfare leader and 2026 Excellence in Benefits honoree is guiding the bank in navigating them all.
Benefits Think Predictive analytics become essential as high-cost claimants surge
As costs to treat serious conditions surge, employers must plan how to absorb budget-altering expenses ahead of time.