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My heath care plans are fully subsidized by LACERA. Will the $3,000 tax benefit apply if I sign up for long-term care insurance?

April 26, 2017benefit fully heath lacera plans Subsidized tax

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My heath care plans are fully subsidized by LACERA. Will the $3,000 tax benefit apply if I sign up for long-term care insurance?

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Yes. If you meet all the other eligibility requirements, you are eligible for this IRS tax benefit. However, your tax benefit cannot exceed the amount of the taxable portion of your allowance.