How Taxes Might Be Affected By Long Term Care Benefits

Long term care insurance policies offer a great deal of benefits that are exempted from federal taxation and most state income taxes. Premiums paid on the policies are treated like health insurance premiums, so they qualify for federal income tax deductions. However, there are limits based on age. The federal government’s tax deductible limits are… Continue reading How Taxes Might Be Affected By Long Term Care Benefits

Three Things to Know About Long-Term Care Insurance

Does your financial plan take into account all of the possibilities regarding your health and your ability to care for yourself in the future? Most people don’t think twice about insuring their possessions, or protecting their families with a life insurance product. Yet many pass on the opportunity to purchase long-term care insurance, hoping they… Continue reading Three Things to Know About Long-Term Care Insurance

Different Types of Long-Term Care Insurance (LTCI) Policies

You’ll have to decide the type of insurance product you want to purchase. Depending on the type of policy you select, there may be a significantly different type of health benefit structure. This is a key factor that determines the complexity. – Individual and Group Coverage: This is a common choice for a lot of… Continue reading Different Types of Long-Term Care Insurance (LTCI) Policies