Archive for March, 2008
Tax Deductibility of Individual Long Term Care Insurance Premiums
Premium payments for a tax-qualified long-term care insurance policy are deductible as personal medical expenses for those taxpayers who itemize their deductions.
Age Per-Individual
40 Or Under - $260
41-50 - $470
51-60 - $940
61-70 - $2,510
Over 70 - $3,130
IRS Maximum Federal Income Tax Deductible Amounts for 2004.
Amounts indexed annually for inflation.
Deductions can be taken for individuals, their […]
Anthem Blue Cross and Blue Shields Pre-Existing Condition Clause for Ohio, Kentucky, and Indiana
Preexisting Condition Clauses vary from state to state, but the basic concept is:
If you have not had coverage in the past 63 days, then you are subject to a look back that determines how far the insurance company will not cover the expenses related to the condition going forward. The expenses related to the condition include […]
