Hot New Company Profit Booster: Long Term Care Insurance
KIRKLAND, WA – Apr. 4 (SEND2PRESS NEWSWIRE) — For working Americans and their employers, caring for an incapacitated parent or spouse can be expensive. ‘It’s costing an estimated $659,000 over the lifetime of each and every employee,’ says Cameron Truesdell, CEO of LTC Financial Partners, publisher of a new guidebook on the subject. That figure includes time spent away from work caring for family members, lost wages, and lost contributions to Social Security and pensions. In addition, companies suffer from reduced productivity as employees worry about their loved one or rush off to handle emergencies. Talent pools drain as a firm’s most seasoned people leave to become full-time caregivers.