I think benefits managers can expect to see some hybridization of long-term care programs that will make them more attractive. Retirement planning seminars are a particularly good time to talk about LTC, says Rick Storms, a financial planner with ReliaStar in Minneapolis, Minn., since education is first necessary to help employees assess coverage needs. For example, the investment might not be worthwhile for people who can afford to pay for treatment if necessary, or for those with few assets to protect. If you have the need for long-term care, it can wipe out the average American's assets in a matter of months. Storms says he hears many questions about LTC during the financial planning seminars he presents.
People are extremely interested in long-term care.
Certainly, the interest is there in a big way. They see the issue with their parents and for themselves. Given the evolution in LTC coverage, Storms thinks one of the most important features to consider is coverage upgrades. More and more people are beginning to get the message. E-mail Webmaster .