Is There A Tax Deduction For Long Term Care Insurance? 
Tax Qualified Long Term Care Insurance is able to be deducted as a health insurance expense on income tax returns , if it is paid by the individual . If you are an individual , it is added with other medical expenses , and anything above 7.5 % of your adjusted gross income is eligible for a tax deduction . If self employed , 100 % of your long term care premiums are tax deductible , up to the federally designated premium guidelines . 