Qualified Long-Term Care

Qualified Long-Term Care

Non-taxable benefits one receives from a long-term care insurance policy covering a long-term, non-life-threatening condition. In order for the benefits to be non-taxable, one must require care for at least 90 days and must be unable to perform at least two of the activities of daily living. Qualified long-term care was instituted in the United States in 1997.