Long Term Care Insurance State Tax Deduction Guide Published
According to the American Association for Long-Term Care Insurance, the national trade organization, tax deductibility gives individuals and business owners one very important reason to consider ways to address future long term care needs.
“Americans are living well into their 80s, 90s and even longer when the likelihood of needing extremely costly long term care services is almost a guarantee,” declares Jesse Slome, executive director of the American Association for Long-Term Care Insurance, the national trade group charged with creating awareness for long term care related issues. “The federal and state governments recognizes this and offers the tax incentives to encourage more people to plan.”
Individuals may be able to deduct long term care insurance premiums paid from their 2011 federal income taxes. The federal levels are based on your age, Slome notes, ranging from $340 to $4,240 per-person and increase for new policies purchased in 2012. Individuals face certain limitations that are not imposed on self-employed or corporations. “These entities may able to make the full cost tax deductible,” Slome adds.
In addition to federal tax deductibility limits, a growing number of states now offer either tax deductions or tax credits to encourage state residents to purchase long-term care insurance.
The American Association for Long-Term Care Insurance has just published a state-by-state listing of available tax deductions on the organization’s website at www.aaltci.org/tax.
To learn more about long-term care planning and get long-term care insurance costs from a designated expert visit the American Association for Long-Term Care Insurance's Consumer Information Center.
The American Association for Long-Term Care Insurance http://www.aaltci.org is the national trade organization focused on educating individuals about the importance of long-term care planning. The Association's Consumer Information Center was voted the #1 source for information by consumer interest group rating and can be accessed at http://www.aaltci.org/long-term-care-insurance.
American Association for Long-Term Care Insurance
3835 E Thousand Oaks Blvd
Westlake Village, CA 91362
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Long Term Care Insurance State Tax Deduction Guide Published here
News-ID: 207768 • Views: 2032
More Releases from Association Marketing
40 Sessions Set For Association's Virtual Long Term Care Insurance Conference
An extensive program focused on the marketing and selling of long term care insurance and hybrid long term care solutions has been set for the American Association for Long Term Care Insurance's 2014 national conference. "In addition to the several hundred who will be attending the actual event, we expect several thousand insurance agents and financial advisors will be viewing sessions broadcast live from the LTC Summit," announced Jesse Slome, executive
Millennials Confused About Long Term Care Insurance Planning
A marked increase in requests for information and price quotes for long term care insurance by individuals born starting with the early 1980s is the result of confusion regarding the Affordable Care Act, also known as Obamacare. "We have seen a marked increase in the number of young men and women calling for and requesting online information pertaining to long term care insurance," cites Jesse Slome, executive director of the American
Increased Broken Bones Among Boomers Is Precursor Of Future Long-Term Care Needs
A new study suggests that the number of baby boomers visiting hospital emergency rooms for broken arms could rise by nearly a third by 2030. That is when the youngest baby boomers will have just turned 65. The scientists reported that 370,000 cases of fractures in the humerus bone of the upper arm occur each year in both the United States. While younger individuals between the ages of five
Obesity Linked To Longer Hospital Stays And Long Term Care Need
Researchers reported a relationship between obesity and the duration and frequency of hospital stays in the United States. The scientists found that hospital stays for obese persons tended to be one and a half days longer than those with normal weight. They concluded that the more frequent and longer stays were the result of common diseases. They noted that 46 percent of obese adults have high blood pressure.
More Releases for Long
Long Term Care Software Market
Long-term care is a service which helps meet medical and non medical needs of people with chronic illnesses or disabilities. It involves a variety of services designed to meet a person's health or personal care needs during a short or long period of time. These services assist people to live independently and safely when they can no longer perform everyday activities on their own. Long-term care is provided in different
SuiteCRM Release Long Term Support Cycle
SalesAgility Ltd. the authors and maintainers of SuiteCRM - the world’s leading open source CRM applications, announced the availability of SuiteCRM 7.8.3 Long Term Support (LTS) Edition for free download on Tuesday 11th April. SuiteCRM 7.8.3 (LTS) adds new features to enhance the performance, stability and security of this fully supported open source Customer Relationship Management (CRM) platform. The LTS release sees further expansion of the commercial ecosystem of support
Why the Japanese live long?
Japan is one of the most fast aging societies on the planet. A quarter of the populace is age 65 or more. Around 3.1 million residents will be 65 or more in Tokyo itself, by 2025, as per the ministry of health. Keeping those individuals productive and healthy is secret to controlling expenses for national health care system of Japan and helping balance a falling birth rate. The Japanese survive longer
Achieving long term scalability through policy management
Paderborn (Germany), 20 September 2011: More and more people around the globe are living a connected life, wishing to experience their services anywhere, anytime and more frequently on any device which consequently confronts operators with exploding data traffic volumes. So operators are seeking to differentiate, based on exclusivity of devices and services to posture themselves for future growth. They will need platforms to improve competitiveness and to provide the means
First Long-Term Care Insurance Almanac Published
What percentage of adults over age 65 will need between 2 and 5 years of long-term care after age 65? [Answer: 20%]. What percentage of assisted living residents transfer to a skilled nursing facility? [Answer: 58.9%]. What are the two largest causes for women's home health care claims on LTC insurance policies? [Answer: Arthritis at 18% and Alzheimer's at 17%]. A compilation of hundreds of facts,
Long Time Coming: Minnesota's Sesquicentennial
Recording Minnesota's history through scrolls of watercolor, and pen & ink by David Malcolm Scott The year of statewide celebration of Minnesota's sesquicentennial includes a special exhibit at the Nina Bliese Gallery in the financial district of Minneapolis. David Malcolm Scott is creating a new body of work in recognition of the 150th birthday of Minnesota's statehood. The subjects of his art span from a detailed view along the Mississippi by