Long-Term Care (LTC)

This refers to the type of care that an individual requires due to an illness, accident or the impact of aging that goes beyond 90 days. Care can be provided in a number of settings like one's own home, adult day care centers, assisted living facilities, memory care facilities, and nursing homes. The common abbreviation for long-term care is “LTC”.

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IRS Announces 2016 Deductible LTC Insurance

The Internal Revenue Service has announced the 2016 tax deductible limits for Long-Term Care Insurance. Many state and federal tax advantages are available to help consumers make affordable LTC insurance part of their retirement.

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