Long-Term Care Insurance: Value-Added Benefit or New State Payroll Tax?
… A 401(k) is a known financial vehicle to support us into retirement while private long-term care insurance is becoming increasingly relevant as a protection of our 401(k) assets. Here are some factors to consider when determining if LTC is right for your employee population: Is the geographic location of your employees likely to be impacted by the legislative landscape of their state(s)? This could determine whether you look at this sooner rather than later. Do employees value and participate in optional life insurance? If yes, they may be interested in purchasing this type of product. Many …
https://www.epicbrokers.com/insights/long-term-care-value-add-payroll-tax/