Question

HIPAA treats premiums paid for tax-qualified long-term care insurance plans as medical expenses that

qualify for what type of tax status?

Answer 1

Tax purposes

Step-by-step explanation:

HIPAA treats premiums paid for tax-qualified long-term care insurance plans as medical expenses that qualify for what type of tax status? Tax-qualified long-term care insurance plans receive tax-favored status. Their premiums are medical expenses that can be deducted from taxable income for federal income tax purposes.