Long Term Care insurance contracts issued:
- after 1996 must meet section 7702B requirements (including the individual is chronically ill) to be considered qualified
- before 1997 are treated as qualified if they meet state law requirements
Check Box 4 on your 1099-LTC to see if you have a qualified Long Term Care insurance contract.
If you have a qualified Long Term Care Insurance Contract, please enter the information here:
- Federal Section
- Deductions (Enter Myself)
- Adjustments
- Medical Savings Account Form 8853
- Scroll down to Long Term Care Insurance Contracts and enter your information