Browse health, insurance and disability deduction codes.
LTC can mean long-term care insurance, which is different from long-term disability insurance. Long-term care relates to qualifying care services; disability cover generally replaces part of earnings.
How to read this entry
Use the meaning Long-term care insurance alongside the column heading. An earnings amount, an employee deduction and an employer-cost memo can have different effects even when their labels look similar.
Example on a pay statement
A $35 LTC premium should be compared with the long-term care policy, not with an LTD wage-replacement benefit percentage.
Examples illustrate the checking method. They are not a personal tax calculation or a promise of a particular benefit.
What to check with payroll
Check the policy name, premium schedule and who owns and pays for the cover.
Compare related entries
Read the health, insurance and disability deduction codes guide to compare the entries in this part of your statement. Use the full pay stub code directory when a second abbreviation is unfamiliar.
Reference and scope
Official guidance on health, insurance and disability deduction codes provides background on the underlying rules. The actual plan, tax year, jurisdiction and payroll record determine how the rules apply.