Chapter 12
Government Incentives to Buy LTC Insurance
In This Chapter
• TQ or not TQ—that is the question
• Tax incentives for individuals and businesses
• State incentives and partnership programs
 
For many years, some states have offered incentives for their citizens to purchase long-term care insurance. The reason is straightforward—if someone has LTC insurance, he or she is less likely to be on Medicaid. Medicaid is a government program to pay the health and LTC costs of the poor (as discussed in Chapters 21-24); about half of the Medicaid payments come from state taxes.
Starting in the 1997 tax year, the federal government offered a tax break to many people with LTC insurance. A bigger tax deduction is pending in Congress as I am writing ...

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