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Your Employees Need How Much?

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A report released by Fidelity investments finds that a 65-year-old couple retiring in 2012 is estimated to need $240,000 to cover medical expenses throughout retirement. The report also states that retiree households relying on Social Security to cover medical bills will use over 60% of their benefit to cover health care costs.

It’s a startling figure, and unfortunately is only going to increase. The $240,000 figure is a 4% increase from last year, but the estimate has actually grown on average ...

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Employees Need Help Preparing for the Future

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Workers may be very worried about their retirement and potential long-term care costs, but often they don’t know what to do about it.

Employers are in a great position to help, and often at little or no cost to the company.

Concerns about retirement and long-term care surfaced again last week, after a report from the Federal Government was released. The report stated that Medicare’s trust fund will run dry in 2024, or five years earlier than forecast. Social Security will also ...

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Improving Productivity with a LTCi Benefit

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Studies find that care giving contributes to “presenteeism”— a recent term used to describe the costs associated with lost productivity when employees come to work too sick, stressed, or distracted to be productive.

According to Mature Market Institute and the National Alliance for Care Giving, one in five employees in the U.S. is taking care of a loved one in need of assistance with basic daily living activities. Currently, a quarter of all adults, primarily “Baby Boomers”, provide care to a ...

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Employers and Small Group Long-Term Care Insurance: A New Approach

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As many employers know, there are a lot of changes currently going on in the long-term care insurance industry. Several established companies have recently left the market while other players are seeking to establish themselves.

EM-Power Services works with several well-regarded carriers, and because of that is able to offer employers a range of options for employee long-term care insurance programs. This includes products from carriers like Transamerica, Mutual of Omaha and MedAmerica that screen out only people with the most ...

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EM-Power Offers Full Service in a Changing Long Term Care Insurance Market for Employers

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On February 6th, UNUM a provider of disability, life, long-term care and supplemental health insurance products for businesses announced they would discontinue offering long term care insurance to new employer groups.

The departure of UNUM means employers may be seeking an alternative for long term care insurance enrollment and servicing support. EM-Power Services has built a system unique to the industry, which is able to manage all aspects of the process.

EM-Power’s services include implementation calls with clients, enrollment planning, access to ...

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Employer Tax Incentives to Offer Long-Term Care Insurance as a Benefit

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Long-term care insurance can is being offered increasingly by employers to their workers without cost to close a dangerous planning gap. Many workers are not aware, but traditional health insurance does not cover long-term care expenses, leaving the sponsored savings accumulated by employees over many years at risk.

What employers are not generally aware of is that generous tax rules exist that allow them to selectively pay premiums for groups of employees such as owners and key executives.  Long-term care insurance ...

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