Tax-Free Benefits and Exemptions. The benefits received from long-term care insurance are generally tax-free, provided they do not exceed a daily cap set by the IRS. Though, in some cases, if you ...

Can U.S. military veterans use their Department of Veterans Affairs benefits to help pay for long-term care? The short answer is yes, but as with most government programs, it's complicated. Here… ...

The annual cost of long-term care insurance for a 55-year-old single man in 2024 was about $950 for $165,000 in benefits, according to the American Association for Long-Term Care Insurance.

While the primary purpose of long-term care insurance is to cover major nursing home or home care expenses, the supplemental benefits outlined above should not be overlooked.

Investopedia’s research shows that the best long-term care insurance company is Northwestern Mutual. Other top choices include Thrivent, Mutual of Omaha, and National Guardian.

Long-term care insurance is typically better than paying out of pocket for multiple reasons. Unai Huizi/Getty Images Long-term care is something that most older Americans will eventually need.

Setting up a long-term care plan is complicated and time-consuming. The more benefits experts know about the process, the better they can advise on the right offerings when employees need them.

Ask the Expert: Benefits & long-term care. Beckett Brookshire ; Jun 20, 2025 Jun 20, 2025; Facebook; ... One particularly valuable form of living benefit is the long-term care rider.

Long-term care insurance can offer significant tax benefits, making it a financially savvy choice for those planning for the future. Premiums paid for qualified long-term care insurance policies ...

New York Life is another U.S. life insurance giant that offers LTC insurance. Founded in 1845 and headquartered in New York City, the company has an A++ rating from A.M. Best, the highest ...