Submitted By: Neris
Answered: April 30, 2012 5:00 pm

Is the premium for a short-term nursing facility and home care policy deductible?

The premiums for a long-term care policy are deductible within limits that depend on your age at the end of the year. For example, in 2012, someone who is 65 and pays premiums for such a policy can treat up to $3,500 as an itemized medical expense.

Tags: Family, Health
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Tax Glossary

Probate estate

Property held in a decedent’s name passing by will.

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