By: Peggy Mace

Peggy Mace — Mon, 02 Sep 2013 20:29:16 +0000

To see what the maximum is that the federal government will allow you to deduct for long term care premiums, see this website: https://www.aaltci.org/long-term-care-insurance/learning-center/tax-for-business.php/#individual. Each state has different average costs for long term care, so the premium in the less expensive states should not be this high, while the premium might be more if you live in a high cost area.

By: Steve Savant

Steve Savant — Sun, 11 Aug 2013 13:44:24 +0000

The cost of long term care insurance (LTCi) insurance depends on your gender, age, smoking status, health history and current medical condition. It also depends on additional riders you may select like an inflation rider. A 60 year old male non smoker purchasing full coverage with an inflation rider may pay around $300 a month for LTCi coverage.

New answer on: What Should Long Term Care Insurance Cost?

By: Peggy Mace

By: Steve Savant