The Internal Revenue Service (IRS) announced increased deductibility levels for individuals with long term care insurance policies in 2013. According to Revenue Procedure 2012-41, the deductible limits range from a low of $360 to as much as $4,550 per person. The limits represent an increase from 2012, as follows: Attained Age Before Close of Taxable Year [...]
Entries Tagged as 'Long-Term Disability'
November 3rd, 2012 · 1 Comment
February 12th, 2009 · No Comments
The U.S. Supreme Court has affirmed earlier holdings that a conflict of interest exists in long term disability (LTD) cases when the same entity (such as an employer or an insurance company) determines whether an employee is eligible for benefits and also pays these benefits to the employee. In metropolitan-life-insurance-company-v-glenn, 128 S.Ct. 2343 (2008), the [...]