FAQ #4707

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I’ve been offered long-term care insurance as a new workplace benefit. How can I learn more about financing long-term care alternatives as well as understanding the risks and costs?

Related resource areas: Family Caregiving, Personal Finance

Employers, including the federal government, are increasingly offering group long-term care insurance as a workplace benefit. To obtain additional information, the University of Minnesota Extension “Resource Center for Families” Web site on long-term care topics offers unbiased information with no financial or long-term care products to sell. The Web site provides up-to-date information on long-term care risks, costs, and financing alternatives. Interactive planning and assessment tools, fact sheets, myths and facts, conversation starters, and an online self-study are examples of decision-making resources you will find.

In addition, "Protecting Your Retirement and Other Financial Information for Family Caregivers: What Every Adult Child Needs to Know" has a chapter on financing long-term care, which includes some key things to look for in a long-term care policy.

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