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How common is it for employers to offer long term care insurance to their employees?
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Long term care insurance is not as commonly offered by employers compared to other types of insurance benefits. According to a survey by the Society for Human Resource Management (SHRM), only about 13% of employers in the United States offer long term care insurance to their employees. This indicates that while some employers do provide this benefit, it is not widespread compared to other types of insurance such as health insurance or retirement plans. It's important for individuals to explore alternative options for long term care insurance if it is not offered by their employer, as it can be a valuable form of coverage for future care needs.
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