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• A
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
