More employers, organizations, and associations than ever are providing group long-term care (LTC) insurance for employees or members. With today’s aging workforce, long-term care protection has become a very real concern. A group long-term care insurance plan can provide significant advantages for employers and employees, as well as tax incentives for small businesses. Get in touch with our agent at Stubbs Insurance Associates, Inc. in Wernersville, Pennsylvania, to discuss your company or group’s long-term care insurance needs.
Advantages of Group Long-Term Care Insurance
Group long-term care insurance advantages include streamlined health underwriting and discounts. There can also be significant tax benefits for small businesses that offer long-term care insurance to their employees. In larger businesses, LTC insurance can be included in an employee benefits package as part of a strategy to recruit and retain the top talent, contain costs, and enhance employee productivity.
Employer-sponsored long-term care programs can be 100% voluntary, which means the entire premium is paid by the employee. When offered on a voluntary basis, LTC protection can provide significant benefits to employees at no cost to the company. Additionally, employer contributions to group long-term care premiums are deductible as a business expense.
Group Long-Term Care Insurance Discounts
Insurance companies offer premium discounts to employees, spouses, and extended family members on employer-sponsored long-term care insurance plans. Even when the program is 100% voluntary, a group long-term insurance policy can save significant amounts for employees. Contact our agent at Stubbs Insurance Associates, Inc. in Wernersville, Pennsylvania, for assistance in providing this important benefit to your employees or members.
Stubbs Insurance Associates, Inc. offers free, comparative quotes on Group Long-Term Care (LTC) Insurance from multiple insurance carriers so you can get the best possible rate.
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