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Long Term Care Blog

Traditional Long Term Care Insurance - 2022 Update

| Jack Lenenberg

Long Term Care Insurance

February 11, 2022  If you believe everything you read on the internet, you may be under the false impression that the traditional long term care insurance market is dead.   Well, nothing could be further from the truth.

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Using Your HSA Account For Long Term Care Insurance Premiums

| Jack Lenenberg

Long Term Care Insurance Premiums SavingsA Health Savings Account is one of the most flexible tools to help you address the increasing costs of health care.  HSA's offer you a tax deduction for your contributions.  Your HSA benefits grow tax-deferred and your distributions from...

IRS Increases 2017 LTC Insurance Tax Deduction Limits

| Jack Lenenberg

Long Term Care Insurance Tax DeductionThe IRS just released an announcement that the 2017 tax deduction limits for traditional tax-qualified long term care insurance premiums are increasing for tax year 2017.  The increase approximates 5% from the 2016 LTC tax deduction limits.

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2016 Long Term Care Insurance Tax Deductions

| Jack Lenenberg

Ltc Tax Deductions

The end of the year is always a good time to review your financial plans.

Here is a year-end incentive to review your long-term care plans:

Long term care insurance premiums may be tax-deductible for you as a medical expense.

For 2016, the...

Long Term Care Insurance Tax Deductions for 2015 Released By IRS

| Jack Lenenberg

Tax Deductions Long Term Care Insurance 2015The Internal Revenue Service has just released its annual inflation adjustments and cost of living adjustments for 2015.  The IRS is required by tax laws to adjust the dollar amounts of multitudes of tax provisions each year to account for...