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.
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.
However, when only a select group of small business employees is interested, full medical underwriting is necessary. In such a circumstance, Long Term Care Insurance Central will prepare packages from several top-rated carriers based on employee age, state of residence, medical history, and benefit goals.
We are dedicated to providing discounts when they are available, but this availability often depends upon the number of qualified participants and insurance company used.
We at Long Term Care Insurance Central sincerely hope that this information has been of help.
For Businesses With 25-350 Employees
For mid-sized businesses, group discount Long Term Care Insurance packages are structured much like Health, Life and Disability insurance coverage. In fact, guaranteed issue plans are available from the top rated carriers with no medical questions for eligible employees. These plans offer superb discounts, as well as spouse and family coverage.
Also, as a direct result of 1997’s Kennedy-Kassebaum Bill (HIPAA Legislation), Long Term Care Insurance is often 100% tax deductible as a business expense, depending upon type of business. These plans are also quite customizable, so that all employees do not have to be provided with coverage.
Long Term Care Insurance Central provides access to the best Long Term Care Insurance plans in the industry specific to mid-size business groups. In many instances, we also provide internet access to enable your organization’s members to view information on your plan in real time. Many of our clients find this service takes some of the pressure off of HR staff, and is a tremendous added value.
For Businesses With Over 350 Employees
Organizations with more than 350 employees often encounter serious challenges when taking on a new benefit program. Insurance program coordination, plan selection, and information distribution are only a few examples of the issues managed each day. We have specialized in helping larger organizations control these issues since 1995.
A Large Organization Focus
Our company provides large companies with access to the best Long Term Care Insurance plans available. With large organizations, we typically set up encrypted servers that enable easy access to insurance benefits, rates, sample applications, and information brochures. Our clients have found that this takes some pressure off of their HR departments so that they have more time to perform organization-centric tasks.
For larger organizations we offer guaranteed issue plans from top rated industry carriers without requiring medical examinations. Discounts are applied to eligible employees, spouses, parents, and other family members. Accelerated pay facilities are also available, allowing purchasers to pay premiums for an exact number of years rather than a typical lifetime, level pay structure. Significant discounts and plan enhancements are frequently available depending upon business size and benefit needs.
Also, as a direct result of 1997’s Kennedy-Kassebaum Bill (HIPAA Legislation), Long Term Care Insurance is often 100% tax deductible as a business expense, depending upon type of business. These plans are also quite customizable, so that all employees do not necessarily have to be provided with coverage.