The IRS allows qualified Long Term Care Insurance premiums to be deducted with some limits. Those limits for 2009 have been established and this article from the Davidow Newsletter has a good explanation of what those limitations are as well as what qualifies as a tax deductible policy.
A qualified Long Term Care Insurance specialist can help you determine the best policy for you.
LTC Connects is pleased to provide you with QuickFACTS® newsletters in partnership with MetLife’s Mature Market Institute, a well-established and pioneering think tank on issues surrounding aging and retirement.
QuickFACTS® is a monthly newsletter providing stats, trends and information on issues related to aging, including retirement planning and financing, workforce demographics, international aging, caregiving, long term health care, health and retiree benefits from a variety of sources. We have newsletters from January 2007 to present and will continue to update as issues are released.
We hope you will find the information helpful.
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