What Is A Qualified Long Term Care Insurance Policy?

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    Peggy Mace
    Most of the U.S.
    A qualified long term care insurance policy is one that has some tax advantages over a non-qualified LTC policy. Your premiums are tax deductible, up to a limit set forth by the IRS. And the benefits you receive are not taxed, you need to ever use your policy to pay for your long term care needs.
    Answered on July 21, 2013
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