OTHER COMMON FRINGE BENEFITS (4 OF 4)
01.Core Concepts
Long-Term Care Insurance • Activities of daily living (ADL) • Eating • Bathing • Dressing • Toileting • Transferring • Continence • Pays benefits if owner cannot perform 2 or more ADLs • Employer-paid premiums deductible • Benefits not taxable if less than $430/day in 2026 or the actual cost of care • Not available through cafeteria plan or flexible spending account