Below are 4 ways that can make long term care insurance more affordable through tax-advantages:
- Tax-free withdrawals from an HSA (health savings account).
- Deduct long-term-care premiums as a medical expense.
- Make a tax-free transfer from an annuity.
- Make a tax-free transfer from permanent life insurance.
For the full article and more information on these tax-friendly ways to pay for LTCI, click here.