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LTC Non-Tax Qualified

Posted by Priscilla on November 21, 2002 at 08:20:03:

When LTC is a NTQ plan ("NOT intended to qualify for favorable tax status under the HIPAA Act of 1996"), will the benefits received be totally taxed as income?

I understand that the premiums cannot be calculated with other medical deductions under the over 7.5% of AJG.

Follow Ups:

Re: LTC Non-Tax Qualified : When LTC is a NTQ plan ("NOT intended to qualify for favorable tax status under the HIPAA Act of 1996"), will the benefits received be totally taxed as income? : I understand that the premiums cannot be calculated with other medical deductions under the over 7.5% of AJG.

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