Long Term Care premiums

[user17758462304]

Can anyone confirm if premiums for a LTC policy I have is deductible?  It's not employer paid and I am self-employed, but have had this policy for years from a prior employer purchase option.  The prior employer has never contributed to the premiums and I kept the policy when I left their employ. Anyone?

[AnnetteB6]

There are some requirements that must be met for the LTC premiums to be deductible as part of your self-employed health insurance deduction.  The deductible amount may be limited based on the age of the insured person.

Take a look at the following information from IRS Instructions for Form 7206 for more details:

Qualified long-term care insurance