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.