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Re: ltc insurance

Posted by Steve Eads, CLU on November 17, 2002 at 16:34:14:

In Reply to: ltc insurance posted by pete on November 16, 2002 at 12:38:05:

: if I understand right, currently LTC insurance is treated like medical expenses for tax purposes. Is there any legislation in the works to make it a seperate whole tax deduction? does that make sense? thanks--pete

Pete, that legislation has been pending Congressional approval for two years now. The good news is that the Democrats are out of power and I suspect you will hear alot about that legislation in the next 12 months depending what happens in IRAQ

Steve Eads, CLU
www.LTCiPro.com

Follow Ups:

Re: ltc insurance : : if I understand right, currently LTC insurance is treated like medical expenses for tax purposes. Is there any legislation in the works to make it a seperate whole tax deduction? does that make sense? thanks--pete : Pete, that legislation has been pending Congressional approval for two years now. The good news is that the Democrats are out of power and I suspect you will hear alot about that legislation in the next 12 months depending what happens in IRAQ : Steve Eads, CLU : www.LTCiPro.com

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