“New Tax Deductible Limits for Long-Term Care Insurance Announced by AALTCI Director,” by Jesse Slome, PR.com

“Increased tax deductible limits that can provide significant tax savings for owners of traditional long-term care insurance policies were revealed today by the American Association for Long-Term Care Insurance. … According to AALTCI, premiums paid for traditional long-term care insurance are includable in the term ‘medical care.’ The following are the just announced 2019 limits:

Attained Age Before Close of Taxable Year 2019 Limit

40 or less $420
More than 40 but not more than 50 $790
More than 50 but not more than 60 $1,580
More than 60 but not more than 70 $4,220
More than 70 $5,270”

LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):

We’ve added these latest limits to our table in “The Zone” showing the comparable limits for every year since 1997. To check it out, you’ll need your user name and password. Need a reminder or want to join the Center to get access to The Zone? Contact Damon at 206-283-7036 or damon@centerltc.com.