What Is A Qualified Long Term Care Insurance? 
Qualified Long Term Care Insurance -LRB- TQ Long Term Care Insurance -RRB- is long term care insurance that has favorable tax treatment , as determined by the federal government in 1997 . Nearly all long term care policies sold now are qualified plans . It allows your premium and nonreimbursed benefits to be counted as a medical expense on your tax return , and allows you to receive long term care benefits tax free . 