When Is Long Term Care Insurance Tax Deductible? 
Qualified Long term care insurance is a tax deductible item when applied toward medical expenses . If you are self employed , 100 % of the premium is deductible -LRB- up to age based limits -RRB- . If you are employed and pay your own LTC premium , only the amount that exceeds 7.5 % of your adjusted gross income -LRB- when LTC premiums are added with medical bills and premiums -RRB- is deductible . For employers and members and partners of some corporations , there are additional options for deducting Long Term Care Insurance premiums . 