Dec 3, 2024 · Tax Deductibility of Long-Term Care Insurance Premiums for 2024 The Internal Revenue Service (IRS) allows taxpayers to deduct a portion of qualified long-term care …

Dec 28, 2023 · That is, premiums on many long-term care insurance policies are in fact tax-deductible. What Is Long-Term Care Insurance? Long-term care insurance, or LTCI, can help …

Aug 16, 2022 · Long-term care insurance can cover nursing home bills, assisted living fees, and in-home care, providing financial support if you require assistance with daily living when you …

Oct 11, 2023 · Long-term care insurance helps you prepare for financial costs associated with aging, such as nursing home care, assisted living, or in-home care. Yet long-term care …

Mar 18, 2025 · The demand for long-term care services is rising due to an aging population and a shortage of health care professionals. The costs of long-term care have been escalating, …

Jun 16, 2017 · Long-term care insurance (LTCi) is an important element of good retirement planning, since it offers financial protection against unexpected illness or disability that would …

Aug 21, 2025 · This then aids a long-term care facility in determining whether the individual qualifies for public assistance such as Medicaid or has triggered their long-term care insurance …

Nov 22, 2023 · The elimination period — the amount of time before the long-term care insurance policy begins to pay out The Elimination Period of Long-Term Care Insurance If you choose a …

Jul 3, 2024 · The cost of long-term care continues to rise, and it is difficult to qualify for Medicaid to pay for elder care services without spending down savings and assets. Long-term care …

Nov 17, 2025 · Understanding why long-term care insurance denials happen and how to avoid them can save families significant stress and expense.