Box 4 of the 1099-LTC, if checked will indicate if the policy is qualified. However, that box is optional for the provider to fill out, so if it is not checked that doesn't mean the policy is not a qualified policy. I can't tell you whether or not your policy and the benefits received are qualified or not (although they probably are). You would have to refer to your policy or contact the insurer to verify. If the policy is a qualified policy, then all the benefits will be qualified. The frequency of payment does not matter. And yes, one 365 day period would be correct if she was in the facility all year.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
