Plans vary greatly based on your age, health and state. To give a general idea, the average buyer is in their late 50’s and they are spending $175 per month.
The premiums charged for tax-qualified Long-Term Care Insurance policies are treated as medical expenses under Federal tax law, which may qualify you for a more favorable outcome on your tax return.
A Long-Term Care Resources Specialist will be able to develop specific quotes based on our desired options. And you should check with the insurance carrier to determine if your plan is tax-qualified and consult with an attorney, accountant or tax advisor regarding the tax implications of purchasing a tax-qualified policy.