Products November 9, 2005

Golden State Long-Term Care Plan Announced by MetLife

November 9, 2005 (PLANSPONSOR.com) - MetLife has launched a new long-term care insurance program in California, offered through the workplace.
Reported by

A MetLife news release said that highlights of the policies include:

  • MetLife is the only workplace provider endorsed by the California Partnership for Long-Term Care (CPLTC).
  • The MetLife/CPLTC Program can be offered as an employer-paid or voluntary benefit.
  • MetLife offers a range of options and flexible payment riders from which employees can choose.
  • Policies are designed to be tax-qualified, which could bring tax advantages to both employers and employees.
  • Benefits paid under the MetLife Partnership policy are added to Medi-Cal asset exemptions and are protected against “spend-down” rules to help secure employees’ financial future .

More information about the company is at  http://www.metlife.com .

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