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Can employees pay the long term care insurance premiums on a pre-tax basis (premium conversion)?

April 26, 2017basis conversion employees Insurance pay pre-tax Premium premiums term

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Can employees pay the long term care insurance premiums on a pre-tax basis (premium conversion)?

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No. Section 125 of the Internal Revenue Code specifically excludes from the definition of qualified benefits “any product which is advertised, marketed, or offered as long term care insurance”.