OmniFlex ™ Short-Term Care Frequently Asked Questions Tax Questions Are the premiums paid for OmniFlex™ STC tax deductible? No. Are the benefits received when on claim for OmniFlex™ STC taxed? No, however policyholders should seek information from a qualified tax accountant or professional as tax regulations may change. How does OmniFlex™ STC work with Medicaid? Medicaid is generally the payor of last resort, so we may be required to reimburse Medicaid if they paid for covered services. Is the OmniFlex Short-Term Care Product registered as a 7702B? It is not filed as 7702B and does not meet that criteria. We always advise clients to speak with a tax professional or their accountant for this type of advice though.
Underwritten by: ManhattanLife Insurance and Annuity Company 10777 Northwest Freeway, Houston, TX 77092
Standard Life and Casualty Insurance Company PO Box 510690; Salt Lake City, UT 84151-0690
S T C - FSAT QC -_F0A9Q2_50 9 2 5
Made with FlippingBook - Online magazine maker