by Brandon
4. August 2009 03:01
Hans Hug Jr. reported for the New Hampshire Business Review on the flexibility of long term care insurance policies. Read It Here (New Window)
Business Owners Have Some Very Attractive Options
He talks about the average purchase age for a non-business, long term care insurance policy, but most of the article is devoted to how company sponsored long term care insurance programs are beneficial to employer and employee alike.
"Any form of business ownership can enjoy deductions for a long-term care insurance premium. And benefits are, as a rule, always tax-free."
The biggest benfit for the employee to me is the fact that the long term care insurance policy can be employer paid but personally owned so that the employee can take the policy with them if they leave. It is a very good article and worth reading whether you are an employer or employee.