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- Contact the Haas Agency with your questions about long term care planning in Connecticut
- Glossary of unfamiliar and often misunderstood terms associated with long term care
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- How the Haas Agency helps Connecticut families address their long term care concerns
- Step 1: Acknowledge the challenges associated with long term care in Connecticut
- Step 2: Explore the various long-term care options and funding sources available to Connecticut residents
- Step 3: Evaluate the pros and cons of the various long term care options in Connecticut
- Step 4: Take action providing for possible long term care needs
- Step 5: Review your family circumstances and changes in long term care each year
- AARP Online Groups on Caregiving and Aging - Resources for concerned children and spouses
- Alzheimer’s Association - Information and resources for families coping with Alzheimer’s and dimentia
- Caring For Your Parents Handbook - Handbook published by the Public Broadcasting System
- Conn. Partnership for Long Term Care - News and resources from joint state government and private industry program.
- Family Caregiver Alliance - Information, Advice and Support for Caregiving
- National Alliance for Caregiving - Provides support for family caregivers
- National Council on Aging - Case studies, news, and resources from a national perspective.
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Nov
12
The IRS has released the premium deductibility amounts for long term care insurance for 2009. They are as follows:
Age Deductible Amount
- Age 40 or less $320
- Ages 41 -50 $600
- Ages 51 - 60 $1190
- Ages 61 - 70 $3180
- Ages 70 or older $3980
As you can see the older you get the more incentive the government creates to have consumers purchase long term care insurance.
Keep in mind that these deductible amounts are only applicable to the extent that your un-reimbursed medical expenses exceed 7.5% of your adjusted gross income. If you are self-employed in any way, you can take advantage of these deductible amounts in other ways. You should seek out the advice of a qualified CPA or a professional who works in the long term care area for more detailed information.
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