According to the U.S. Department of Health & Human Services, 20% of all employees reaching age 65 will need extended health care for five or more years. This means that many employees will pay millions of dollars they accumulated while they were working to an array of nurses, therapists and physicians. The solution: Pay selected key employees bonuses to buy long-term care insurance for themselves and their spouses that are tax-deductible to your company but are not taxable to the employees.
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Other Tax-Advantaged Enhancements: