Maine Long-Term Care Insurance

Article ID: 34277  

Question
Maine Long-Term Care Insurance

Answer

Enter premiums paid for long-term care insurance. (DO NOT include health insurance premiums)  To qualify, the insurance policy on which the premiums were paid should meet one of the following:

  1. Must meet the federal definition for a long-term care insurance contract (IRC 7702B(b)) (these are long-term care premiums that generally qualify for federal itemized deductions), or
  2. Must be certified by the Maine Bureau of Insurance. Premiums claimed must be reduced by any premiums claimed as Maine itemized deductions.

Article Details
Views: 631 Created on: Jun 15, 2013