Question: What is the tax treatment of LTC Benefits paid from Asset-Care or Annuity Care?
Answer: Our Care Solutions portfolio functions on a reimbursement basis. Since Reimbursement Benefits for qualified LTC services are not taxed, benefits are tax-free.
As a side note, Per Diem or Indemnity Benefits are not taxed except those benefits that exceed the greater of Total Qualified LTC Services charged or $370 (2019)
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