September 19, 2023

Written by Jack Lenenberg

What Is Long Term Care Insurance?

Long term care insurance policies will reimburse you for costs related to caregiving expenses when you are determined to be chronically ill. Your private health...

California has created a Long Term Care Insurance Task Force to explore how to fund a state-wide insurance program to help Californians address future long term care costs.

California is not the first state to consider legislative action for long...

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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A 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...

The 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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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...

The 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...

Individuals and self-employed business owners that  buy long term care insurance will benefit from higher tax deductibility limits in 2013.

The Internal Revenue Service has agreed to increase the LTC insurance age-based tax deductions by...