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Executive Long-Term Care Schedule

The key points are:


*Inclusive Coverage: Provides coverage for selected key Team Members and their spouses
*Deductible Business Expense: 100% deductible as a business expense.
*Tax-Free Benefits: Employees receive benefits that are not subject to income tax

PLEASE NOTE-

If desired, we will work in conjunction with your existing benefits broker


Multiple categories can be established, and changed as needed


LEVEL                                                          BENEFIT                                   COVERED MEMBERS                       % PAID BY EMPLOYER
EXECUTIVE LEVEL 1               $200/DAY HOME CARE             EXPLOYEE – SPOUSE                         100%
EXECUTIVE LEVEL 2               $200/DAY HOME CARE             EXPLOYEE ONLY                                    100%
MANAGEMENT LEVEL 1       $150/DAY HOME CARE             EXPLOYEE – SPOUSE                          100%
MANAGEMENT LEVEL 2      $150/DAY HOME CARE             EXPLOYEE ONLY                                     100%


STAFF LEVEL 1                             $100/DAY HOME CARE             EXPLOYEE – SPOUSE                         100%

ALL/ANY ABOVE MAY HAVE EXPLOYMENT LONGEVITY REQUIREMENTS ie:


1 YEAR 25%                3 YEARS 50%                           5+ YEARS 100%

SAMPLE RATES


FEMALE                 AGE 50                $200/DAY = $73/MONTH        $100/DAY =  $37/MONTH
FEMALE                 AGE 60                $200/DAY  =$129/MONTH      $100/DAY  = $65/MONTH
MALE                       AGE 50                $200/DAY   =$54/MONTH       $100/DAY    =$37/MONTH
MALE                       AGE 60                $200/DAY    =$92/MONTH      $100/DAY   = $27/MONTH

The scenarios are shown only as examples…the Executive Board & HR Department can create alternatives.


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