No. of Recommendations: 7
A few cautions here.

The linked website belongs to someone who wants to sell you something. That doesn't make it bad, but it means grain of salt time. As President Reagan said, trust, but verify.

Medicaid is a Fed/State program, and each state sets much of its own rules. What's applicable to Indiana won't necessarily be applicable to Ohio.

There are age-based limits on the amount of LTC premiums which are deductible at the Federal level, and then only as a Schedule A medical expense subject to the 10% (up from 7.5%) of AGI exclusion. Information is in IRS Publication 502.

State income tax treatment varies.

Rule Your Retirement Home Fool
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.