Gary participates in a group long-term care insurance program through his employer. The employer pays for a standard level of coverage for all employees, and gary pays for an additional voluntary amount of coverage. In all, gary's employer pays two thirds of the cost and gary pays the remaining one third of the cost. If gary makes a claim under this policy, what percentage of his benefits would be taxable based on the premium structure
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Long-term care insurance can cover home care, assisted living, adult daycare, respite care, hospice care, nursing home, Alzheimer's facilities, and home modification to accommodate disabilities. If home care coverage is purchased, long-term care insurance can pay for home care, often from the first day it is needed.
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The employer I'm the remaining to would be taxable by premium structure in a taxable based policy......
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