November The Long Term Care Review by Duane Lipham, CLTC Archives

Long-Term Care Planning For Singles

Some news outlets are emphasizing the critical need for LTC planning by singles.
Without a spouse or child to help care for them, many must rely completely on facility-based care or paid professional caregivers when faced by a LTC event. There are 96 million singles in the U.S. today, which represents 43% of the adult population, […]

2010 Long-Term Care Tax Deduction Schedule

The IRS has just announced the new tax deductibility limits for 2010 for long-term care insurance and the benefits have increased over 2009.
Here are the 2010 limits:
Attained Age Before Close of Taxable Year
Age 40 or less: $ 330
More than 40 but not more than 50: $ 620
More than 50 but not more than […]