If an employer pays for the employee's long-term care insurance premiums, the employee can exclude from gross income the premiums but all of the benefits collected must be included in gross income.

Question

Quizplus · Accepted Answer

If the employer pays for the employee's long-term care insurance premiums, then the benefits collected are excluded from gross income. However, if the employee pays for the premiums, then a portion of the benefits collected may be excluded from gross income, depending on the age of the employee at the time of collection.

If an Employer Pays for the Employee's Long-Term Care Insurance