Category Archives: Long Term Care

Is Long-Term Care Insurance Tax Deductible?

The short answer is that it depends. Technically, yes, premiums paid into a qualified traditional stand-alone long-term care insurance policy are deemed tax-deductible. However, that can depend on several factors. The premium payments for Long-Term Care Insurance are tax-deductible to the extent that they, along with any other unreimbursed medical expenses, exceed a certain percentage of the […]

Collecting Long Term Care Benefits: A Tale of What You Can Expect

Recently I worked with my brother-in-law to file for benefits on his long-term care policy. His policy was with MetLife (one of the largest insurance companies in the United States.) You would think filing a claim on a long-term care policy would be easy. How wrong that assumption is. Hopefully, our experience can help you navigate filing […]