I received qualified long term reimbursements for a long term illness. I know that the proceeds are not considered taxable income. Are the reimbusements an offset for the amounts I paid agencies for my LTC? E.g Paid $40,000 personally and received $25,000 in qualified reimbursements.
When itemizing expense do I need to enter the amount I paid less the reimbursement? Or in this example $15,000
