Tax-Friendly Ways to Pay for LTCI

Below are 4 ways that can make long term care insurance more affordable through tax-advantages:

  1. Tax-free withdrawals from an HSA (health savings account).
  2. Deduct long-term-care premiums as a medical expense.
  3. Make a tax-free transfer from an annuity.
  4. 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. 

Comments are closed.