Long-Term Care Insurance

A new ruling can provide a premium deduction for long term care insurance under certian contitions for an employer

Long-term care insurance is designed to protect you and your loved ones in the event extended health care is required. Extended care can include:

• personal home care
• residence in a long-term facility
• required supervision
• personal nurse
• homemaking services, such as meal preparation or assistance with household cleaning

Long-term care insurance is generally paid out as a reimbursement for eligible expenses or as a pre-determined distributed payment.