According to the U.S. Census, in 2020, 56.1 million people were over the age of 65. Further, about 70% of those people will need long-term care (LTC) services in their lifetime. The unfortunate part is that many of them may not have the financial means for those expenses without wiping out their entire lifetime savings.

The growth of the LTC services market exceeds the ability of government-sponsored programs (i.e., Medicare and Medicaid) to adequately provide services and support for those who need it. Several states across the country are taking action, or considering actions, that would result in legislation requiring a payroll tax be instituted to pay for a LTC-specific benefits program.

Within this guide, you will find the answers to:

  • LTC legislation considerations
  • The LTC synopsis
  • Why LTC is a growing concern
  • The cost of care
  • How well people are prepared for LTC
  • Considerations for today's employer

Complete the form below to download your Considerations Guide: The Long-Term Care Market.


Consulting and insurance brokerage services to be provided by Gallagher Benefit Services, Inc. and/or its affiliate Gallagher Benefit Services (Canada) Group Inc. Gallagher Benefit Services, Inc. is a licensed insurance agency that does business in California as "Gallagher Benefit Services of California Insurance Services" and in Massachusetts as "Gallagher Benefit Insurance Services." Neither Arthur J. Gallagher & Co., nor its affiliates provide accounting, legal or tax advice.