qualified LTC plan allows premiums to be treated as medical expenses and
are eligible for a tax deduction within certain limits.
S-corps, partners, and sole proprietors may deduct 100% of the
eligible premium for themselves, their spouse and dependents.
C-corps are eligible to take a business expense deduction for 100%
of the premiums paid for employees, their spouse, and dependents.
Qualified LTC plans that provide reimbursement for expenses are
not taxable as income.
An employer may determine eligible individuals for a participatory
plan based upon a category of employees.
© 2006, LTCi Specialists
P.O. Box 2438 Jenkintown, PA 19046
Phone 215.884.5824 Fax 215.884.5825