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Is Long-Term Care Insurance Tax Deductible?

Is Long-Term Care Insurance Tax Deductible?

Is long-term care insurance tax deductible? In certain situations, long-term care insurance premiums can be tax deductible. As a rule, it gets a little bit complicated, because everyone's situation is a little bit different.

We'd advise you to check with your accountant or tax advisor to get personalized advice.

As a quick highlight, if you're an owner of a corporation or a small business, you do have some additional ways to deduct long-term care insurance premiums.

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Disclaimer: We do not offer every plan available in your area. Currently we represent 4 organizations which offer 41 products in your area. Please contact Medicare.gov, 1‑800‑MEDICARE, or your local State Health Insurance Program to get information on all of your options. Not connected with or endorsed by the United States government or the federal Medicare program.