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Long-Term Care & Your Business
Long-term care insurance is one of the newest and fastest growing employee benefits. There are tax incentives to employers for purchasing long-term care insurance for their employees. Employers can pay for all the coverage, part of the coverage, or have employees pay all the cost. Typically employers are willing to fund part of the plan and then allow the employees to purchase additional coverage.
But What Is Long-Term Care Insurance?
To put it simply, long-term care is the care people need when they can't perform the tasks of ordinary living on their own. It isn't a subject that most of us care to dwell on, however, the failure to discuss or plan for the high cost of long-term care can cause unimaginable stress and frustration.
Why Should I Purchase Long-Term Care Insurance?
There are many reasons why people buy long-term care insurance: to preserve your independence, guarantee your choice of care and caregivers, possibly avoid hospitals and nursing homes, and even protect your assets and standard of living. By planning ahead, you avoid being a burden to your family and can even leave more assets to them, your church, alma mater, or any other worthy cause.
Want to learn more? Visit our website dedicated to Long-Term Care: http://www.buddeltc.com/
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