With passage of the Health Insurance Portability and Accountability Act in 1996 (HIPPA) the Federal government made premiums on tax qualified long-term care insurance policies deductible for individuals and businesses. Employer-sponsored plans qualify for the same favorable tax treatment as health plans, and insurance premiums are deductible for individuals each year based on your current age. In either case, when you collect benefits, they are received tax-free. Many states offer additional incentives to encourage their citizens to purchase insurance protection.
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