The Previdir “LTC “Long Term Care program offers the insured individual who has suffered an injury or illness whereby they are no longer self sufficient, a periodic revalutable pension so as to meet financials required for social and health care benefits which are required by the insured individual.
Non “self sufficiency “ may be defined, whether total or partial, on a permanent basis, when the policy holder is incapable to continue daily living activities in an independent manner. These common independent activities include some basic functions of daily life such as:
- personal hygene
- cognitive impairment
Previdir has developed 2 different Programs:
The lifetime LTC program offers reserved benefits indiscriminately for all categotries of employees:
- Middle Management
- White Collars Employees
- Blue Collars Employees
and also to:
- Entrepreneurs, Legal Representatives, Directors, Board Members, Auditors, Contractors, Holders
The tax implications for the insureds covered under this program offer more advantageous conditions when implementing alternative LTC Long Term Care plans.
The Sacconi Ministerial Decree issued on 27 October 2009 regarding the Supplemental Health Care Funds of the National Health Care system , requires that no less than 20 % of the financial resources available be used for dental and long term care services. Non compliance with this obligation will not permit the insured to take advantage of the tax breaks offered under the annual limit of € 3.615,50 as provdied for under article 51, paragraph 2 of TUIR Testo Unico Imposte Reddito (Italian Tax Directive). In order to allow the insureds to take advantage of the tax benefits provided by the Sacconi Decree, PREVIDIR has registered the programs with the Registry of Health Care Funds, as established by the Italian Ministry of Health.