Potential Long-Term Care Reform Coming to Many States – What it Means for Your Company
Long Term Care Reform is sweeping across the country with proposed state-run Long Term Care programs that would be funded by a payroll tax on employees.
A growing number of states have proposed long-term care legislation which is similar to the State of Washington Cares Act. These state-run plans have severe limitations. However, there are ways to opt-out of the payroll tax and take control of those dollars by offering compliant plans to your staff on an employee paid basis.
Long Term Care insurance is a benefit any organization should consider making available to their staff to round out a benefit package. The upcoming legislation will only increase the demand for these types of coverages from your employees. Getting ahead of this before the law is passed will be key in having this option introduced in an effective and timely manner.
Statistics show that 70% of people in the US will require Long-Term Care after the age of 65, but only 7% have the recommended protection. This coverage is key to protecting your assets.
To help educate our clients on this proposed legislation, ways to avoid the tax, and coverage options, we are offering a series of 30-minute webinars in February and March.
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To register, please click one of the links below.
*each 30-minute session contains the same information so you only need to register for one
The webinars will be led by Michael Walker and Matt DiPasquale of The Voluntary Benefits Shop, as they discuss the various options and how these programs can be rolled out to your employees.
You can register for one of the webinars using the links above. Each session will contain the same information so you only need to register for one.