What Is A Qualified Long Term Care Insurance?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Qualified Long Term Care Insurance (TQ Long Term Care Insurance) is long term care insurance that has favorable tax treatment, as determined by the federal government in 1997. Nearly all long term care policies sold now are qualified plans. It allows your premium and nonreimbursed benefits to be counted as a medical expense on your tax return, and allows you to receive long term care benefits tax free.
    Answered on August 14, 2013
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