Long-term care insurance and your taxes Qualified policies deliver tax breaks; here are the basics

September 26th, 2013

By Bill Bischoff

If you or a loved one turns out to need long-term care, you don’t want to see a big chunk of hard-earned savings go down the drain to pay for it. Long-term care (LTC) insurance can help. As a bonus, qualified LTC policies deliver some tax breaks. Before getting to the tax angles, let’s first cover the basics on LTC insurance.

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