What Is A Tax-Qualified Long-Term Care Insurance Policy? 
The premium and benefits for a Tax Qualified Long Term Care Insurance policy can be deducted on your tax return as a medical expense . TQ Long Term Care Insurance came about in 1997 with the introduction of HIPAA . Tax Qualified policies have a set of guidelines that must be met to be designated as TQ policies . Long Term Care policies purchased before 1997 were grandfathered in , despite not meeting those guidelines . Now , most of the Long Term Care Insurance sold in the US is TQ . 