Does Long Term Care Insurance Qualify For Self Employed Health Insurance? 
Yes , Long Term Care Insurance qualifies for self employed health insurance , as a tax deduction . The deduction is taken on form 1040 , line 29 , and is for the self employed person , their spouse and their dependents . The maximum long term care insurance annual premiums that are allowed to be deducted per person are based on age and are as follows : Under age 40 - $ 350 Age 41-50 - $ 660 Age 51 - 60 - $ 1,310 Age 61 - 70 - $ 3,600 Age 71 + - $ 4,370 