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.