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.