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Carla (Full Site) Workman, LTCP
LTC Insurance Advisors
Long Term Care Specialist
Tallahassee, FL
(850) 656-2433 Phone



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"Health Insurance Portability & Accountability Act"

The Health Insurance Portability and Accountability Act of 1996.

The Health Insurance Portability & Accountability Act (HIPAA) of 1996 offers tax incentives to people who purchase tax qualified Long Term Care Insurance.

HIPAA designated two types of long-term care insurance policies: tax-qualified (TQ) and non-tax qualified policies (NTQ). The tax-qualified policies are the ones that adhere to HIPAA criteria that standardized long-term care policies and offer tax incentives.

Long-term care insurance policies that were purchased before January 1, 1997 (when HIPAA was implemented) were grand fathered in and are considered tax-qualified (TQ) for federal purposes. They will remain tax-qualified if there are no material changes made to them.

HIPAA also outlined the tax treatment of tax qualified Long Term Care Insurance benefits.

In General, if you receive benefits under a tax qualified Long Term Care Insurance policy, your benefits are excluded from your income the same as payments your receive for personal injury or sickness.

Find Out More...
Tax Qualified This section addresses the main differences between the tax qualified (TQ) and the non-tax qualified policies. Find here for more information...

Federal Legislation It's important to understand that you may qualify for federal deductions with your Long Term Care insurance. Find here to learn more...

State Taxes State Tax Deductions and Credits State Type Descriptions Click here to learn more...