WebJun 11, 2013 · Premiums for "qualified" long-term care insurance policies are tax deductible to and extent that i, ... FAQ: Tax Benefits of Long-Term Care Insurance. READ MORE. How … Long-term care insurance in its simplest definition pays for your long-termcare once you become critically ill or need additional assistance in everyday operations and functionalities. Some key areas where coverage would apply are as follows: Now that you know what long-term care insurance covers, let’s dive into … See more A tax-qualified long-term care insurance policy is on a federal level. Tax-qualified is also often referred to as a qualified policy. These policies offer certain … See more You should now have a pretty good grasp on what a tax-qualified long-term care policy is, so let’s talk about its not-so-identical twin, non-tax-qualified. A non-tax … See more Yes, each state is different and has different tax deduction laws and regulating factors. Most states encourage the purchase of a long-term care policy and in doing … See more We are so glad you asked. It is probably one of the most important questions in knowing you are properly covered, and we’re going to make sure you know why. … See more
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