The California Bankers Association is committed to making sure our members’ employees are protected, not only during their working years, but also into retirement. This program is brought to you by our strategic partner ACSIA Partners LLC in partnership with LifeSecure Long-Term Care and is available for employees, spouses/domestic partners and their families.

Why is this benefit important for your employees? For starters, the need for long-term care can have devastating financial and personal consequences – whether that care is for you, your employees, spouses, parents, grandparents or other family members. You may think of long-term care as something required only by older people, but here are a few realities to keep in mind:

• Accidents can happen at any age, and illness can suddenly replace good health.
• 40 percent of those who currently need long-term care services are under the age of 65
• The average nationwide cost is more than $75,000 per year, and doubles every 14 years

CBA understands the impact to banks and their employees of not planning for extended care events, which are NOT covered by Medicare or traditional health and disability insurances. Because of this, CBA will make a significant contribution toward employee premiums for three years.

Eligibility

Through this new benefit plan we are able to offer you, your employees, and spouses/domestic partners reduced health qualification questions. This allows for those not able to qualify for coverage on their own a one-time opportunity to secure this important coverage. To be eligible for reduced health questions, employees and spouses must be 18-65 years old, and work 20 hours per week. This benefit is available for those up to age 79; however, full underwriting is required. Qualifying for long-term care insurance is based on the current health situation of the applicant, so now is the best time to get this coverage.

Learn More

Open enrollment is limited. We invite you to attend a brief 30-minute online educational webinar, which will explain how the benefit works, as well as cover the available options. The initial webinars are only for employers to learn about the new program. We will hold subsequent webinars for employees to receive information about the benefit. Following the employee webinars, there will be an opportunity for a personal consultation with a long-term care insurance specialist, who can meet with employees, spouses/domestic partners and extended family members.

You must register in order to attend the webinar. Below is the webinar schedule; please click on one of the links to register now.

For more information, please visit www.cbaltc.com.