Tax-qualified LTCi premiums are considered a medical expense. For an individual who itemizes tax deductions, medical expenses are deductible to the extent that they exceed 7.5% of the individual's Adjusted Gross Income (AGI). The amount of the LTCi premium treated as a medical expense is limited to the eligible LTCi premiums, as defined by Internal Revenue Code 213(d), based on the age of the insured individual. That portion of the LTCi premium that exceeds the eligible LTCi premium is not included as a medical expense.

“Not having a plan for extended care will have an impact on your family, health and your best thought out retirement plan.

Living a long life could well be in your future.

Planning for it is now a necessity

Call Les Robinson to help develop a LTC plan 1-800-836-2040 ext 3014

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