What Is A Tax Qualified Long Term Care Insurance Plan?

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    Peggy Mace
    Most of the U.S.
    A tax qualified long term care insurance plan is one that is able to have the premiums deducted as a medical expense, and benefits received income tax free. Tax qualified plans have some requirements in regard to triggers and what is offered, that non qualified plans do not. Most long term care insurance sold today is tax qualified (TQ).
    Answered on September 26, 2013
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