Guides Outline 2011 Tax Deductibility For Long-Term Care Insurance

Los Angeles (I-Newswire) December 30, 2010 - Two new guides detailing the higher 2011 tax deductible limits and regulations pertaining to long-term care insurance protection have been published by the American Association for Long-Term Care Insurance. Over 1.1 million copies of the annually-produced guides have been used by insurance and financial professionals.

"The special rules that can make long-term care insurance fully tax deductible for owners of small and mid-sized businesses, is still a well kept secret," explains Jesse Slome, executive director of the Association. The Guide To Tax-Qualified Long-Term Care Protection explains that in 2011 individuals may be able to deduct as much as $4,240 of the cost for long-term care insurance premiums. The deductible maximum is based on the insured's attained age before the close of the tax year.

The Association also makes available A Special Guide For Accountants And CPAs designed to give detailed explanations of how the tax rules handle premiums for individuals, self-employed, Limited Liability Corporations and C-Corporations. "Many tax professionals welcome a single, current source of information and this is an excellent way for insurance professionals to create strategic alliances with these individuals," Slome adds.

The expansive eight-page guide explains the rules pertaining to Health Savings Accounts, Flexible Spending Accounts and Cafeteria Plans. "In addition, the booklet features key information accountants often ask," Slome adds. "For example, the age when long-term care insurance claims begin (31.5% between ages 70 and 80), and the percentage of benefits paid for home care (31%)."

Information regarding the guides can be obtained on the Association's website or call the organization for information at 818-597-3227.

Founded in 1998, the American Association for Long-Term Care Insurance is the national trade organization established to educate both consumers and financial professionals. The organization's online Consumer Information Center has been nationally recognized as the nation's most comprehensive resource for current information on the topic.

About AALTCI:
National educational organization advocates for long term care planning.

Company Contact Information
AALTCI
Jesse Slome
3835 E Thousand Oaks
91362
Phone : 818-597-3227