Long Term Care and State Mandates
Thanks to Securian for this info - check with your tax expert, ALWAYS

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.

Noel Anderson, NQPA

VP Executive Benefits

2 年

...you're probably only going to buy it once.

回复

要查看或添加评论,请登录

Noel Anderson, NQPA的更多文章

  • State Estate and Inheritance Taxes

    State Estate and Inheritance Taxes

    Play it like you mean it - while you might not be planning on retiring to Massachusetts, for example - you should do…

  • Non Competes, and Legislate Before you Regulate

    Non Competes, and Legislate Before you Regulate

    Full credit to Cleary Gottlieb Steen & Hamilton LLP - Michael J Albano and Julia M. Rozenblit As described in further…

  • Three big ideas for Q4, 2024 From the simple to the sophisticated

    Three big ideas for Q4, 2024 From the simple to the sophisticated

    SIMPLE: Digital Term – quote, apply, and buy online for those age 60 and under, death benefit amounts up to $3mm…

  • So, this just happened....

    So, this just happened....

    Owner financed buy out for a period of 20 years for a $5mm property and hospitality business. Of course, he wants to…

  • Breaking it down - when company owned life insurance makes sense...

    Breaking it down - when company owned life insurance makes sense...

    And how to do it correctly. Company owned life insurance probably doesn't make sense to cover a buy-sell agreement, but…

    1 条评论
  • Life Settlements - A How To

    Life Settlements - A How To

    What are you doing next week at 1pm EST? This -- In 15 minutes, we will ID the steps to uncovering life settlement…

  • Buy Sell Agreements - and what the Supreme Court just said yesterday....

    Buy Sell Agreements - and what the Supreme Court just said yesterday....

    Buy/sell - Company or individual buys life insurance (AND disability coverage) on the shareholders, because…

    1 条评论
  • Non Competes and Fiduciary Req'ts - all in one day

    Non Competes and Fiduciary Req'ts - all in one day

    Here's a quick, hot take. Non-competes: broad based ban by the Federal Trade Commission Some context - Jimmy John's…

    1 条评论
  • Swing and a miss...

    Swing and a miss...

    More of a miss than a connection No doubt that healthcare in retirement is a cost. The impact it has on retirement…

  • 1099 v W-2

    1099 v W-2

    ICYMI Article courtesy of Hall Benefits Law, LLC Long debate, with finally a short (and vague) answer. If a company is…

    1 条评论

社区洞察

其他会员也浏览了