Benefits for the Employee

  • The ability to get coverage under the group where otherwise may be denied on individual coverage.
  • Benefits are 100% tax-free to employees whether the employee or the employer pays the premium.
  • Preserve retirement accounts and savings.
  • Employer-paid premiums not taxable as income.
  • Employee-paid premiums may be deductible as a medical expense.
  • The coverage is fully portable when leaving the company.
  • Receive high quality care for themselves and/or family.
  • Discounts on premiums. Up to 50%
  • Offer discounted premium to parents, grandparents, parents-in-law, brothers and sisters and other extended family members.
  • Presentations and personal consultations are available in the home or all through the web at a schedule that is convenient (day, evening, or weekend appointments).

Group Long-Term Care Insurance

8 out of 10 employees would consider long-term care insurance if offered through their employers (US Dept of Health & Human Services). Life Resources Group offers free education about this program to your employees and it only takes about 15 minutes of your time to determine if your group qualifies and at what discount. Long-term care insurance is the fastest growing employee benefit. 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. There are also executive carve-out options to offer this benefit for a select group of employees.   This is a great benefit you can offer your employees, especially if they have health or weight issues that would disqualify them for individual coverage.

Benefits for the Employer

  • Recent health care legislation makes qualified LTC insurance policies more tax advantageous for both employers and employees. Employers that pay for long-term care insurance may be eligible for favorable tax treatment. (The exact tax consequences vary depending on the structure of the business; i.e. sole proprietor, partnership, LLC, C-Corporation, etc.
  • Employer-paid LTC premiums for employee, spouse, and retiree coverage may be deducted as a business expense.
  • Employers can cover defined classes of workers, making it possible to offer the benefit to only higher-paid employees, called an executive carve-out.
  • Retention of employees.
  • Be a Hero to Your Employees by enabling them to get coverage that they may not otherwise qualify for individually.
  • We can do individual consultations and enrollments via the web so employees don't have to schedule time during their work day to learn about LTCi benefits available to them.

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