Long-term care insurance: an essential employee benefit

Growing numbers of employers are embracing long-term care insurance (LTCI) as an important new addition to their employee benefits package due to aging baby boomers, tax favorable legislation, the need for employee retention and rising costs of care. Even the best retirement plans can be gutted by the high costs of long-term care. The authors identify key components of LTCI and offer guidelines for selecting an LTCI company.