TITLE

Recent Developments in Long-Term Care Expenses

AUTHOR(S)
Gardner, Randy; Welch, Julie; Salter, John
PUB. DATE
February 2008
SOURCE
Journal of Financial Planning;Feb2008, Vol. 21 Issue 2, p34
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article examines taxation and estate planning issues contained in long-health care expenses. The authors investigate the reason wealthy taxpayers are more likely than the poor to itemize and deduct medical expenses on their tax returns. The taxation issues of nursing home residency are examined. Also assessed is the role played by the use of personal long-term care insurance, which avoids depletion of state Medicaid funds. The article examines long-term insurance plans that benefit from a degree of government subsidization.
ACCESSION #
30022306

 

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