Executive Carve-Out Long Term Care

Why is this the fastest growing fringe benefit in America*? Because more and more employees are becoming aware of this protection, they value it, they want it. Employers experience the cost of Long-Term Care requirements at the workplace.

Elder care is replacing childcare as the number one dependent care issue* as 1 of every 3 worker will be caring for an aging family member. Surveys conclude that:

• Working caregivers report emotional strain on the job
• Working caregivers report financial strain on the job
• Working caregivers missed work on a regular basis due to the health needs of a loved on

These stresses affect your employee’s productivity, your company’s productivity.

Offering LTC insurance to your employees pays big rewards:

• Helps to protect your employees’ retirement savings from the catastrophic costs of long-term care
• Helps to build employee loyalty
• Offers your employees a new and leading edge benefit

Remember this, LTC insurance does not fall under ERISA rules for workplace discrimination. This means you may “carve out” this benefit to selected employees.

Taxed advantaged:

• Employer paid premiums can be deducted as a business expense
• Premiums paid by your company are not considered income to the employee
• Benefits are not included as taxable income to employees, up to federal limitation, whether you pay or your employees pay

* Taking Care of Tomorrow. A Consumer's Guide to Long Term Care: LTC 00876(0404)