Yes, insurance premiums for short term medical coverage ("care", "recovery", etc.) are tax deductible to the same degree as premiums for more conventional ("longer-term") medical insurance.
"Short-term" medical insurance (of any kind) is just a description used for policies intended to bridge lapses in more permanent coverage - and are priced accordingly.
Long-Term Care policies are very different in both cost (higher) and benefits than conventional medical insurance policies, hence they attract more attention from regulators.
A long-term care insurance policy helps cover the costs of that care when you have a chronic medical condition, a disability or a disorder such as Alzheimer’s disease. Most policies will reimburse you for care given in a variety of places, such as:
- Your home.
- A nursing home.
- An assisted living facility.
- An adult day care center.
