Discuss Hans Macoy's answer to: Tax perks of long term care insurance?

Is there such a thing as tax qualified LTCi? What are the tax perks of long term care insurance?

Hans Macoy
Hans Macoy Answered:

You are eligible to receive tax advantages when you purchase a long term care insurance policy. Benefits received under a qualified long term care planning policy are federal-income-tax-free because they are considered reimbursements for medical expenses.

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