Long Term Care insurance is designed to cover ongoing care and services required by those who are unable to care for themselves. Long term care may be needed because of physical limitations or cognitive difficulties. Care can rage from skilled care down to custodial or personal care. Personal care is most often needed to help someone perform everyday activities like dressing, eating, bathing, and personal hygiene.
Long Term Care insurance can be offered on an individual basis or through a group. When companies offer their employees voluntary long term care insurance, each employee can save substantially on group premium rates and benefit from limited underwriting requirements. When an employer pays the premiums for qualified long term care coverage for its employees, the employer should be able to deduct those premiums as an ordinary and necessary business expense. Employers when paying the premium may also discriminate when selecting which employee is suitable for long term care insurance.
Call us today at (601) 982-3000 or email us to request a quote on our long term insurance products!