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MEMBER
BENEFITS
Long
Term Care Insurance - The New Employee Benefit
Provider: Ohio Long Term Care Brokers,
800-461-2051.
Or contact Denise Gott at deniseg@ohioltcbrokers.com
Click
Here to download the NOACC
OLTCB Free Quote Form
At home and in the workplace, long-term care
is emerging as one of the critical issues of our times and
employers have a key role to play. Employers can help their
employees plan responsibly for their future needs. By extending
coverage to family members, employers make it easier for
workers to manage care giving responsibilities and remain
productive on the job. In 1999, long-term care illnesses
cost American businesses over $17 billion per year in lost
productivity and $33 billion per year due to Alzheimer’s
disease alone (Workforce, 10/99). To put it simply, employer-sponsored
long-term care insurance is a win-win solution for everyone.
Additionally, recent healthcare legislation (HIPPA, 1997)
has made qualified long-term care insurance more tax advantageous
for both employers and employees.
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Employer
sponsored long term care plans offer flexibility, portable
policies, discounts, modified underwriting and protection
for both employers and employees. In addition, employers
can “carve out” plans that will help attract
and retain key employees. Benefits paid to employees
are not taxable income and any premium paid by the
employer is tax deductible as a business expense. Similarly,
premium paid by the employee is tax deductible from
State of Ohio Income .
As a member of the Chamber of
Commerce, you can take advantage of membership discounts,
group
rates (10 or more employees), carve out plans for
executives, all while providing a vital benefit for
your employees
and their families. For more information, contact
Denise Gott at 800-461-2051.
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