LTC Explained – Video 11

At-a-Glance Summary

(“Tax Breaks & Incentives for Paying Your LTC Premium” – Karp Loshak LTC Insurance Solutions)

Government Help Is Real
Federal and many state rules may let you write off a portion of your long-term-care premium. Every stand-alone policy qualifies, and hybrid or life-insurance plans may qualify if the LTC premium is billed separately.

Who Can Claim It

  • Individuals who itemize deductions can use the age-banded federal limits.
  • Business owners and their spouses get even more: Schedule-C filers deduct the full age-based amount; C-corps can write off the entire premium.
  • HSA holders (not FSAs) may pay premiums with pre-tax HSA dollars.

How Much You Can Deduct (2025 limits)

  • Ages 40–49: up to $880 per person
  • Ages 50–59: up to $1,760
  • Ages 60–69: up to $4,710
  • Age 70+: up to $5,890
    Married couples can double these numbers. Some states add their own credits, boosting the benefit further.

Key Takeaways
Whether you’re a consumer using an HSA or a business owner leveraging the full corporate write-off, tax incentives can shrink your out-of-pocket cost dramatically—turning long-term-care coverage from a personal expense into a strategic, government-subsidized asset.