Employer Paid Long Term Care Insurance

These are benefits in which the employer may legally discriminate as to which employees they chose to cover and for what amount. The cost of the premium is deductible to the corporation and does not create any income for the employee. By comparison, when the employer pays the premium, benefits paid for become earned income subject to tax. This is not true of Long-Term care benefits that are paid to a provider. Such benefits create no tax liability for the employee.

For further information, contact us at 1-888-PLAN AHEAD or at info@vbscorp.com.