The Internal Revenue Service has raised the income-tax deduction limit for Long Term Care (LTC) policy premiums that are paid in 2012. As in the past, the deduction varies by age of the insured person— for example, someone who is between 50 [more...]
Jan 242012
The prospect of paying costly premiums for long-term care insurance that you might never use might discourage you. Enter the long-term care annuity. An advantage of stand-alone long-term care insurance over a long-term care annuity is the fact that the medical expense [more...]
Long-term care is not just provided in nursing homes–in fact, the most common type of long-term care is home-based care. Understandably, many people put off planning for long-term care. But although it’s hard to face the fact that health problems may someday [more...]
