Is My Long Term Care Insurance Tax Deductible? 
If you have a qualified long term care Insurance plan , your long term care insurance is tax deductible . There is a limit on the dollar amount of premiums that are considered tax qualified , per Internal Revenue Code 213 -LRB- d -RRB- . For 2013 , there limits range from $ 360/year -LRB- under age 40 -RRB- to $ 4,550 -LRB- over age 70 -RRB- . 