This blog has regularly contributed information on the latest status of the long-term care partnership program that has been rolling out across the country as states adopt it through legislation. This program was initially introduced by the federal government in the Deficit Reduction Act of 2005 and each state can choose whether it will join […]
I see it all the time. Seniors who have assets enough that need to be protected to make sure that their retirement incomes are not threatened. And yet they complain loudly about the cost of long-term care insurance and just procrastinate it’s purchase until it is no longer practical to consider.
A couple of reasons that […]
In most cases, if you are in reasonable health you can expect to be approved for long-term care insurance. But approval is not automatic and there are guidelines that the major carriers use to determine who qualifies.
These guidelines are published by each carrier in an underwriting field guide that can be used by agents […]
The Internal Revenue Service has announced the maximum tax deduction that can be taken on qualified LTCi premiums in 2009.
Maximum Deduction for Qualified LTCi Premiums Under Code 213(d)(10)
Attained Age Before Close of Year 2009:
40 or less - $320
More than 40 but no more than 50 - $600
More than 50 but no more […]