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Long term care insurance can be tax-deductible if you purchase a tax-qualified policy. There are many tax advantages to doing so, but paying your premium through a business will get you the best tax deductions. The actual amount of your premium that can be tax deductible depends on the type of business (C-Corp, S-Corp, partnership, etc.) and most benefits are generally tax free.
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What are the advantages on long term care insurance?
Advantages of long term care insurance are coverages in the following areas: assisting living, in home care, adult daycare, respite care, hospice care, and Alzheimer's facilities. It really gives peace of mind to adults who do not want to "burden" their children with the costs associated with this type of care.
How can you find long term insurance care cost?
There are many ways to find long term insurance care. Long term insurance care can be found on websites such as Nationwide, LongTermCare, and CompareLongTermCare.
Which companies offer federal long term care insurance?
The Federal Long Term Care Insurance Program (FLTCIP) specializes in offering federal long term care insurance to eligible groups and their relatives.
Where can one find long term care insurance?
One can find long term care insurance at many various health insurance websites like Blue Cross and Blue Shield. They have many options for long term care insurance.
Is long term care insurance the same as long term disability insurance?
No, long term care insurance is designed to cover the costs of medical and personal care for individuals who need assistance with daily activities due to aging, illness, or disability. Long term disability insurance, on the other hand, provides income replacement if you are unable to work due to a disability.
Where can one take out a long term care insurance policy?
One can take out a long term care insurance policy from several different places. Some of the places in which one can take out a long term care insurance policy from are: Long Term Insure Me, and Own Your Own Future.
What are some companies that sell long term care insurance?
Some companies that sell long term care insurance include Genworth, Mutual of Omaha, John Hancock, and Transamerica. It is important to research different insurance providers to find the best coverage and rates for your specific needs.
Are there insurance policies that cover only custodial care?
An insurance policy that covers custodial or personal care is a long term care insurance, generally, long term care insurance covers things that are not covered by health insurance. If you are unable to perform activities of daily living, or need assistance due to disability and chronic illness, long term care insurance covers these services. However, you need to buy it before your develop a condition that would require you to be on long term care
How can one get long term health insurance in the US?
One can get long term health insurance in the United States from LTC Insurance and AARP Medical Insurance. One can also get long term insurance from Long Term Care and Kaiser Permanente.
What is the cost of Long term care insurance?
The cost of long term care insurance depends on your purchase age, location, and the benefits and policy features you choose.
What has the author Valerie VanBooven written?
Valerie VanBooven has written: 'Aging answers' -- subject(s): Insurance, Long-term care, Long-term care, Older people 'The Senior Solution' -- subject(s): Long-term care, Long-term care insurance, Older people
Where can one compare long term care insurance rates?
One can contact insurance companies directly or work with a broker to collect and compare offers for long term care insurance. Alternatively, websites like Compare Long Term Care can provide such a list for comparison.
