Group Long Term Care Insurance Policies
Long term care insurance for organization to increase employee benefits.
What People Are Saying
I have known Bob and his crew for many years. He is a true professional, but is also a down-to-earth kind of guy.
He and his team make you feel comfortable when in meetings, or when on a phone conversation. I have full trust in his advice and financial planning for me.
Thank you Langan Financial Group.
A note about this testimonial: We share client experiences to help you understand what working with our team may feel like. We also want you to know who is speaking and whether compensation was involved.
The individual providing the testimonial above is a current client of Langan Financial and was not compensated for providing their testimonial. The testimonial reflects their individual experience and is not representative of the experience of all clients.
What is Group Long Term Care Insurance?
Group long term care insurance is also known as LTC group or employee long term care insurance.
It is a long term care insurance policy provided to eligible participants of an organization such as employees for a company.
The long term care insurance policy provides financial support to individuals that may need help taking care of themselves later in life.
The money may be used for routine daily activities, such as bathing, dressing, and/or eating.
While most people associate long-term care needs with a nursing home or living facility, according to American Association for Long-Term Care Insurance 2022 study the vast majority of long-term care insurance claims begin with care at home.
Is LTC Group Tax Deductible?
Group Long Term Care can be tax deductible to some extent for businesses including:
- Partnerships
- S corporations
- C corporations
- Sole proprietorships
Benefits of Group Long Term Care Insurance
Long-term care is a growing concern for employees and their families. According to the most recent comprehensive federal analysis (as of 2026), published in 2022, approximately 56% of Americans turning 65 are expected to develop a disability serious enough to require long-term services and supports. Women are projected to need care for an average of 3.6 years, compared with 2.5 years for men.
As people live longer, more employers are exploring long-term-care benefits as a way to strengthen their benefits packages. Depending on how the program is structured, employers may contribute toward the cost or offer coverage as a voluntary, employee-paid benefit.
Long-term-care benefits generally fall into two main categories:
Source: U.S. Department of Health and Human Services, Long-Term Services and Supports for Older Americans: Risks and Financing, 2022.
1. Tax Benefit
The Health Insurance Portability and Accountability Act of 1996 (HIPAA) included provisions for favorable tax treatment of qualified Long-Term Care insurance contracts.
LTC insurance can be a tax-advantaged way to reward your employees. Businesses can deduct the premiums they pay on behalf of employees, and employees do not have to pay taxes on their income.
However, there are limitations on the deductibility of the premiums when the business owner is also an employee of their own business.
2. Accessibility Benefit
Now that we have the Financial Gap Analysis created, we need to start working on the financial tactics.
Depending on your financial risk tolerance will determine how aggressive or conservative we will be in setting up your plan. This will directly impact the tactics used as well as the investment funds available within the portfolio.
Group long term care insurance is an opportunity for individuals who may not normally be able to purchase an LTCÂ insurance policy, to become eligible.
In addition, by operating as a group policy, it can greatly increase the speed of underwriting and accessibility to employees.
Employees can work directly with their organization, an already known and trusted entity with the insurance agency to gain an insurance policy.
Rather than having to identify which insurance advisor they should work with and starting the process over. By removing this step, it can increase the likelihood of an employee signing up for long term care.
By grouping employees together, it can leverage economies of scale, helping to reduce can premiums for individuals.
Considering a unisex rate structure, women typically benefit by a lower premium. Usually women have higher premiums because on average they live longer and require more care.
However, through the unisex rate structure, women can receive the added benefit of gender neutral premium rates, thus potentially paying less than they would individually.
In addition, the potential to offer group long term care insurance to your employees is becoming more accessible. Small businesses with as low as three employees are now able to participate in certain products.
What are the Group Long Term Care Insurance Enrollment Options?
1. Voluntary
A voluntary enrollment places the entire premium on the employee.
The employee can choose to sign up and pay for the premium or not.
2. Defined Plan Design
In a defined plan design, the entire premium is on the employer.
The employer pays for a set benefit. However, the employee may have the option to apply and pay for additional benefits.
The cost above the set premium however, is the employee's responsibility.
3. Carve-Out
In a carve-out plan, the premium is split between both the employer and employee.
4. Multi-Tiered
A multi-tiered option provides different benefits to different levels of employees.
It could pay for 100% of the insurance premiums for the executives, while only providing a smaller portion to management and even less to entry level employees.
Group Long Term Care Insurance Services
At Langan Financial Group, our long term care insurance advisors have been helping with long term care for individuals, families, and organizations for over 35 years.
We strive to be the best insurance advisors possible. We are highly flexible with your schedule. While our standard hours are 8:00 am to 5:00 pm, we are available evenings and weekends by appointment to help cater to your schedule.
We can schedule appointments via:
- Phone asdfasdf
- Zoom
- In-person
So whatever your preference is and wherever you are, we will do our best to meet with you.
Get started today
Contact Us Today
Chat with a Group Long Term Care Insurance Agent
Langan Financial Group's insurance agents have over 35 years of experience servicing insurance policies for individuals and families.
Give us a call at 717-288-1880 to see how our local advisors can help with your insurance policy needs. Or visit our insurance agent contact page to fill out an inquiry.
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Financial Advisor Locations:
Camp Hill, PA Financial Planning Office
York, Pa Financial Planning Office
Harrisburg, PA Financial Planners
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Langan Financial Group, LLC ("Langan Financial Group" or "LFG") is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability. LFG may only transact business in those states in which it is registered, or qualifies for an exemption or exclusion from registration requirements.
Important information about our firm is on our Disclosures page. You can review our registration and disciplinary history on the SEC's Investment Adviser Public Disclosure (IAPD) website and, for brokerage registrations, on FINRA's BrokerCheck. This website is for general information only. It is not legal, accounting, or tax advice. Please talk with your own legal or tax professional about your situation. Important information about our firm is on our Disclosures page.
You can review our registration and disciplinary history on the SEC's Investment Adviser Public Disclosure (IAPD), website and, for brokerage registrations, on FINRA's BrokerCheck.
This website is for general information only. It is not legal, professional about your situation.
© Langan Financial Group
Harrisburg, PA Office
Address: 1863 Center St, Camp Hill, Pa 17011
Phone: 717-288-1880
York, PA Office
Address: 3405 Board Rd, Suite 200, York, Pa 17406
Phone: 717-773-4085
