Long Term Care and State Mandates
OneAmerica survey shows that most don’t think about LTC in the context of retirement readiness or protecting their income, preserving their assets.
We have 13 states proposing income tax increases to fund future LTC obligations - because it's eating up their Medicare budgets.??
Business owners do have potential tax advantages if the company sponors the plan and pays the premium. If the company pays for it, some % of the premium is deductible, and not taxable to the owner.?
Long term care insurance comes in many different types, so explore it carefully so that it can be tailored to you.
VP Executive Benefits
2 年...you're probably only going to buy it once.