this is NOT helpful. turbotax is saying a QUALIFIED ltc benefit is for services provided by LICENSED health care practitioners. that is NOT true. it is for custodial care, in other words care for a person who needs assistance with activities of daily living, NOT skilled care. TURBOTAX' definition is contradictory. in addition, ltc can be required for a limited time for a condition that is NOT considered chronic, ie for a condition that is expected to improve over time and the person will regain ability to perform activities of daily living.
"Qualified long-term care benefits are payments received for the qualified long-term care services provided by a licensed health care practitioner (WRONG) for the care of a chronically ill WRONG individual."
"Generally, qualified long-term care services means necessary diagnostic, preventive, therapeutic, curing, treating, mitigating, and rehabilitative services and maintenance or personal care services."
all of the above require skilled services of a licensed professional EXCEPT personal care services!!!!
"A licensed health care practitioner is any physician, registered professional nurse, licensed social worker, or any other individual who meets the requirements to be licensed."
a person who needs assistance with activities of daily living does NOT require the services of a professional yet still qualifies for long term care benefits for the very reason that s/he needs assistance with adls.
so again...TURBOTAX' definition is both incorrect AND contradictory. but by ITS definition, i received NO QUALIFIED BENEFITS because i am receiving personal care, not care from a licensed professional. yet turbotax is deeming the whole amount taxable. this can't be!!!
AND my policy was issued in 1986. there is no option for me to fill out any questions for such a plan
AND my per diem is only $50 a day. from everything i've read, that should NOT be taxable. i have paid a premium of $30 per month for 34 years, 7 months. why would the services i get be taxable when i have paid a monthly premium to get those benefits?
and TURBOTAX' help section is totally useless in answering this question. i should NOT have to pay someone to answer this question or to fix your site so i can enter what i am PAYING for the personal care that i'm getting from a NON-LICENSED PERSON!!!!
I WAS FINALLY ABLE TO REACH A PERSON WITH TURBOTAX, ASKED MY QUESTION, WAS PUT ON INTERMINABLE HOLD, WAS TOLD I WAS BEING TRANSFERRED, AND WAS DISCONNECTED.
TOTALLY UNSATISFACTORY!!!!!!!!!!!!!!!!!!!!!!!
WHAT CAN BE DONE TO GET ME THE APPROPRIATE ANSWER FROM A TURBOTAX REP?
