When companies offer their employees voluntary long term care insurance, each employee can save substantially on group premium rates and benefit from limited underwriting requirements. When an employer pays the premiums for qualified long term care coverage for its employees, the employer should be able to deduct those premiums as an ordinary and necessary business expense. Employers when paying the premium may also decide which employees are suitable for long term care insurance.

Long Term Care insurance is designed to cover ongoing care and services required by those who are unable to care for themselves. Long term care may be needed because of physical limitations or cognitive difficulties. Care can rage from skilled care down to custodial or personal care. Personal care is most often needed to help someone perform everyday activities like dressing, eating, bathing, and personal hygiene. Long term care is growing more popular because people are living longer and the costs to care for individuals has become a growing concern.