Updated Workplace Guide from LTC Financial Partners (LTCFP) Highlights Tax and Employee Benefits of Long-Term Care Insurance
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"For many organizations, the tax advantages alone can make a difference of hundreds to hundreds of thousands of dollars a year, depending on their size," says
Businesses have the choice of providing the tax-favored insurance just for the owners and their spouses and dependents; or to key individuals (in an "executive carve out"); or to all employees.
The guide details the advantages and requirements of each option. The organization may choose to pay all, some, or none of the premiums. When employees pay, they generally enjoy a group rate and simplified underwriting. The tax benefits apply, in varying ways, to sole proprietorships, partnerships, C-corporations, S-corporations, limited liability companies, charities and other non-profits including associations.
Beyond tax savings, the guide describes bottom-line business benefits ranging from employee satisfaction and retention to increased "presenteeism" and productivity. "Having LTC insurance puts employees at ease, knowing there's a way to pay for care without jeopardizing their 401k's," says Gott. "They can focus on work instead of worrying about an incapacitated family member."
LTC insurance, traditionally purchased by individuals on their own, is fast becoming a workplace product. The average age of applicants has been trending downward, from the mid 60's to the mid 50's. "Younger people, still vital in the workforce, are seeing the value," says Gott. "So are their employers."
The guide is available free from following LTC specialists:
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NY: Ronald Brie -- 212-799-3900
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The guide and assistance is also available from additional specialists at http://www.ltcfp.com/ltcfp/businessowners.aspx.
LTCFP - www.ltcfp.com - is a co-founder and sponsor of the "3 in 4 Need More" campaign, which seeks to alert Americans to the long-term healthcare crisis, and to multiply the number protected by long-term care planning.
*PHOTO 72dpi: Send2Press.com/mediaboom/13-0313-denise-gott_72dpi.jpg
*Photo Caption: LTCFP National Sales Manager
This release was issued on behalf of the above organization by Send2Press(R), a unit of Neotrope(R). http://www.Send2Press.com
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