Introduction
For corporations, offering competitive benefits is essential to attracting and retaining top talent. Long-term care insurance is one of the most impactful benefits a company can provide—and thanks to tax incentives, it’s also financially smart.
Employer Deductions
Corporations that pay for employee LTC premiums can generally deduct the full cost as a business expense. This reduces taxable income while improving employee satisfaction.
Employee Benefits
Premiums paid by the company are typically not considered taxable income to employees, meaning they get valuable coverage without added tax burdens.
Competitive Advantage
Offering LTC benefits shows employees that you care about their long-term security. It strengthens loyalty, reduces turnover, and enhances your brand as a responsible employer.
Conclusion
LTC insurance isn’t just a benefit—it’s a business strategy. With corporate tax incentives available, companies can care for their people while caring for their bottom line.