"LTC Insurance easy to understand – it is when you work with the folks at Long Term Care
Consultants. Linda and her staff are compassionate, patient and tailor a plan to help you meet your
needs. And, as a business owner, I truly appreciated the respect shown to my staff to make
sure that each employee understood their coverage and the cost."
Gail H. Howerton, CPA
Tax and Financial Services, LLC
Information For Employers About Long-Term Care Insurance
Did you know that business owners can deduct the cost of Long-Term Care Insurance
protection for themselves, their spouses and sometimes even their parents on a favorable basis?
Simply, you are using pre-tax corporate dollars to pay for your post-retirement asset protection.
Plus, this can be a valuable benefit to offer to selected key employees.
It costs no more to work with an experienced long-term care professional. We can work with you and/or
your insurance broker to help you get the coverage that's best suited for you and your
Individuals who own businesses or derive self-employment income should consider
the significant tax advantages of purchasing Long-Term Care Insurance protection through the business.
Long-Term Care Insurance premiums may be paid from a Health Savings Account (HSA) up to the Federal
annual limits allowed.
You may qualify for "preferred rates" that Long-Term Care Insurance companies offer to individuals who
are currently in good health.
You'll save money because costs for Long-Term Care Insurance increase each year if you wait to buy when
And, perhaps most important, 24 hours from now a change in your health could make it impossible to
qualify for preferred Long-Term Care Insurance protection...at any price.
Employees (non-owners) are not taxed on premiums for tax-qualified policies paid for by employers.
Employers do not pay payroll taxes on amounts paid for Long-Term Care Insurance premiums.
Benefits paid under a tax-qualified reimbursement policy are received income tax free by the
Business owners can offer Long-Term Care Insurance coverage to whomever they choose without risking the
loss of deductibility for themselves. It is possible to create a bona fide class of select corporate
employees that are eligible for this corporate-paid benefit (IRC Sec. 105/106 Medical Reimbursement
Plan). Premium payments generally will be tax deductible when the class is based on such factors as
officers of the corporation and length of service. Tax rulings have stipulated that the class cannot,
however, be based on stock ownership. Consult a tax advisor for details.
Preserve your post-retirement savings and assets using pre-tax corporate dollars.
Ensure you have choice and control when you need it most.
Recognizing that government can't pay the bill for Long-Term Care, federal and a growing number of
state tax codes now offer tax incentives to encourage Americans to take personal responsibility for
their future long-term care needs by utilizing Long-Term Care Insurance.
9100 Arboretum Parkway, Suite 180, North Chesterfield, VA 23236 . Phone: 804-306-0016 . Fax: