MetLife Inc. is offering a long term care insurance program for small groups that lowers minimum participation levels required to qualify for discounts.
The company’s new VIP2 Multi-Life Discount Program reduces the participation requirement from 10 to 3 approved lives. The benefit can be purchased as a voluntary or employer-paid benefit.
The reduced membership requirement gives small employers an opportunity to offer more benefit options at an affordable cost, said Scott Beck, national director of MetLife Long Term Care.