Can Employers Deduct Long Term Care Insurance Premiums?

  1. 37376 POINTS
    David G. Pipes, CLU®, RICP®
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    Employers can deduct premiums paid on behalf of their employees for long term care insurance. This is a great benefit to provide employees as it secures loyalty to the employer. Individuals can deduct premiums on individual plans as well. When benefits are received those benefits are not considered ordinary income.
    Answered on February 20, 2015
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