The clock is ticking on long-term care. A recent industry report revealed that over 70% of Americans will require long-term care (LTC) services in their lifetime, but a staggering 83% of those households are unprepared for the escalating costs of that service.
Consider this: With a median national retirement savings of just $65,000, these services can drain your nest egg in a mere 6 to 12 months. So how can LTC be affordable? By choosing the right benefits today.
States are actively exploring new solutions — including potential new state taxes — to address the mounting costs. In a world of expanding LTC needs, economic uncertainty and looming fiscal pressures, the time to help your employees secure their financial future is now.
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