Insurance Broker Discusses The Cost for Long Term Care in NYS
As an experienced certified Insurance Broker, I am often asked about the cost for long term care in New York state. There are a lot of factors that play into the premium or the cost of that policy; age, health, and level of benefit. Remember though that in New York State, the state government gives assistance through the form of tax credits or deductions to help individuals pay for that long term care insurance premium.
For example, any individual purchasing long term care insurance in the State of New York can receive a 20% income tax credit on their tax return. Also, individuals and especially businesses may be eligible for federal tax deductions on their returns.
Do you know the cost of long term care insurance in NYS? Contact our experienced Insurance Brokers for advice.