ANSWERS: 1
-
According to the Health Insurance Portability and Accountability Act of 1996 (HIPAA), tax qualified long-term care insurance policies are tax deductible. The yearly maximum deductible amount will vary, depending on the age of the insured.
Source:
aaltci.org: Long-Term Care Insurance Tax-Deductibility Rules
gsa.gov: What is tax clarification for private long-term care insurance, and why is it necessary?
Copyright 2023, Wired Ivy, LLC