Employees dedicate years to building a secure nest egg for a worry-free retirement lifestyle, yet a long-term illness can quickly deplete money otherwise earmarked for post-retirement living and financially devastate the individual.
While many people plan for future financial risks with life insurance and disability insurance, most fail to recognize the need for Long Term Care (LTC) coverage or do not realize that typical healthcare plans exclude it.
With the passage of the HIPAA in 1996, Congress cleared the way for LTC coverage to enjoy the same tax benefits as major medical insurance. Specifically, employers can deduct the costs of establishing a LTC program.
EBS customizes LTC product offerings to provide executives with affordable and practical coverage. We work with many top insurance carriers to help acquire competitive products and help adapt them to fit the specific needs of our clients.
Features may include:
- Skilled in-home care
- Facility-based care
- Tax-free benefits
- Inflation protection
- Premiums waived during disability