Group long term care insurance helps employees pay for care if they can no longer manage everyday activities, such as bathing or dressing, after an illness or injury. More employers now offer it, often as a voluntary benefit employees can choose to buy. Nova Star Insurance Consultant Inc. provides free quotes from a range of carriers, so businesses in Ontario, Quebec, Nova Scotia, New Brunswick, and Alberta can compare options that fit their budget and benefit goals.
Long term care coverage goes further than disability insurance. Disability coverage replaces income, while long term care coverage helps pay for ongoing care at home or in a residence. In Canada, provincial programs cover only part of these costs. For example, families often face waitlists, limits on home care hours, or accommodation fees. As a result, this coverage protects quality of life and reduces financial stress. For background on public health coverage, see the Government of Canada’s overview of Canada’s health care system.
Serious illnesses and accidents can happen without warning. Our specialists offer practical solutions, including a range of payment options for employees and coverage that can extend to spouses.
Many employers offer long term care coverage on a voluntary basis, as part of a larger benefits package. In this case, employees pay their own premiums at group rates. Consequently, you can enhance your benefits package at little cost to the business, while helping to attract and keep good people.
It helps pay for extended care when someone can’t manage daily activities on their own because of illness, injury, or cognitive decline. Provincial programs cover only part of these costs, so this coverage fills the gap.
It strengthens your benefits package and shows you care about your employees’ long-term well-being. In turn, that helps you attract and keep top talent.
Yes. Employees who know they’re protected tend to feel less stress. Moreover, coverage that extends to spouses can help employees manage caregiving responsibilities, which can reduce absences.
Often, employees pay their own premiums through payroll at group rates. Alternatively, an employer can share the cost. The tax treatment depends on who pays, so we’ll review the options with you and your accountant.
At Nova Star, you get attentive service and close attention to detail. Our employee benefits team makes it simple to choose a package tailored to your business. Call or email us with any questions, and we’ll get back to you within one business day.
Send us a message! We’d love to hear from you.
