Providing Equine Rescue In South Carolina Since 2010. 1  The purpose of H.O.P.E. Acres Rescue is to rescue, rehabilitate, and provide a safe haven for equines in need, to live out a healthy, happy, and peaceful life through public education, county and state alliances, adoptions, donat ions and caring volunteers.
Long term care insurance policies are either tax-qualified or non-tax-qualified, and there are important differences between the two. These differences are defined by federal legislation â the Health Insurance Portability and Accountability Act (HIPAA).
Under the federal income tax rules, a qualified long-term care policy is considered health insurance. Therefore, premiums you pay for a qualified policy are treated as medical costs for itemized medical expense deduction purposes, and they can help you clear the 10%-of-AGI or 7.5%-of-AGI hurdle.owever, to actually claim a deduction on your 2014 return, your total qualified expenses, including eligible health insurance premiums, must exceed 10% of your adjusted gross income (AGI) or 7.5% of AGI if you, or your spouse if you are married, was age 65 or older as of Dec. 31, 2014.