Salon Poezji

For Businesses With Under 25 Employees

Small business owners know that it is crucial in today’s labor market to provide competitive benefit packages and perks. Offering Long Term Care Insurance is one of the best new ways to reward employees and stay competitive, without any major financial burdens.

In fact, because of 1997’s Kennedy-Kassebaum Bill, it is possible to deduct up to 100% tax qualified LTC premiums on behalf of an employee and spouse.

Important Considerations

When Long Term Care Insurance is applied for on a group basis, and the employer agrees to pay all premiums, guaranteed issue coverage is available for all eligible employees. In this instance, no medical questions are necessary, and benefits and rates may be extended to spouses, parents, other family members, and retirees of the organization on an underwritten basis.

Individual long term care policies can be fully customized to cover all levels of either facility or home care costs. Some of the facilities covered include nursing homes, Alzheimer’s Recovery Units, and assisted living facilities, which help patients with most “Activities of Daily Living” or ADLs. Home Health Care differs somewhat from facility care, as it takes place in the home as opposed to an outside facility. This includes service in private residences, retirement communities and adult day care.

When people think about insurance all they think about is car or home insurance. But, there are other instances where you might need insurance. So, here are three common times where you’ll need insurance:

If You Get Injured

Health insurance is one of the most common forms of insurance out there. And, it’s one of the most important. If you don’t have health insurance, you might not be able to get medical treatment. Say you get injured and go to a hospital, they can’t do anything if you haven’t got insurance. Also, health insurance will cover the costs of any treatments you have. If you need an operation, your health insurance provider will pay for it. Similarly, it comes in handy if you get injured and need physiotherapy. A physio will still help someone without health insurance, but it will cost you. You’ll have to pay for the treatment with your own money. Whereas, if you have health insurance, all treatments will be paid for you. It’s very useful and, I would say, essential that you get health insurance if you don’t have any.

Being a parent carries certain responsibilities. You can no longer make decisions without taking into consideration how they’ll affect your family. Having the right insurance policies is one of these responsibilities. Here are the types of insurance all parents need.

Life Insurance

No one wants to think about the possibility of them or their partner dying while the kids are still young. But if it did happen, you could face financial ruin as well as having to deal with the grief. The only way to make sure that your family is provided for in the event of you or your partner’s death is to take out a life insurance policy. The policy will pay out to your family upon death, giving them financial security.