Delta Airlines Employer Offered Long Term Care Pros & Cons
Delta Airlines offers a long-term care option for its employees, but it’s important to evaluate whether this is the most cost-effective solution for your needs. While some large companies provide similar benefits, these options might not always be the best deal, particularly for healthy individuals.
Delta’s program is a guaranteed insurance policy, making it an alternative for those who are unable to secure a regular long-term care insurance policy due to medical conditions. However, this convenience comes at a price. The cost of Delta’s offering is typically higher than what you might find in the private market for a traditional or hybrid policy. This specific program is a whole-life policy with a long-term care rider, meaning it provides certain long-term care benefits but does not offer lifetime benefits once the initial benefits are exhausted. This limitation is crucial to understand when considering your long-term care insurance options.
For those in need of comprehensive long-term care coverage, consulting a long-term care broker may provide more tailored and cost-effective solutions compared to relying solely on an employer’s group policy. A broker can offer insights into various private market options that might better suit individual health needs and financial situations.
Casey Smith
President, Wiser Wealth Management
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