Generally, 2018 long-term care insurance costs are going up, but some policies are going down.
Bradford & Holliman Blog
The amount that can be deposited in an ABLE account each year without jeopardizing public benefits will rise from the current $14,000 to $15,000 starting in 2018. This increase is tied to the federal gift tax exclusion which is also rising from $14,000 to $15,000 due to inflation. This increase makes ABLE accounts that much more […]
Who knows what tax reform will bring, but you still need estate planning.
If you pay premiums for a long-term care policy, read about the IRS’ changes to 2018 premium deductions that might impact your taxes.