Long-Term Care Premium Limits

For 2011, the maximum amount of qualified long-term care premiums includible as medical expenses has increased. Qualified long-term care premiums, up to the amounts shown below, can be included as medical expenses on Form 1040, Schedule A:

• $340 - age 40 or under
• $640 - age 41 to 50
• $1,270 - age 51 to 60
• $3,390 - age 61 to 70
• $4,240 - age 71 and over

The limit on premiums is for each person.