The following information provides an overview of the impact of
the Health Insurance Portability and Accountability Act of 1996 (HIPAA) on the taxability
of qualified Long Term Care (LTC) contracts. HIPAA provided a tax incentive for
individuals to take financial responsibility for their long term care needs. This
information is based on ThePrudential Insurance Company of America’s interpretation
of current IRS rules. It is provided for informational purposes only and should not be
construed as tax advice. Please consult your own tax advisor for advice regarding your
particular circumstances....
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