What Is The Difference Between A Qualified And A Non-Qualified Plan?

Benefits paid by a qualified long­term care plan generally are not taxable as income. Benefits from a non­qualified long­term care plan may be taxable as income. Check with your tax advisor about the possibility of deducting a portion of the premiums paid in addition to the individual tax consequences involved.

The information on this page is meant to provide a general overview of the law. The laws in your state and/or city may deviate significantly from those described here. If you have specific questions related to your situation you should speak with a local attorney.

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