Nevada maintains a Partnership certification process
Nevada’s regulations define both a “Partnership certificate” and a “Partnership policy,” and NAC 687B.058 requires a Partnership-program notice. The Division of Insurance currently lists a Nevada Issuer Certification Form as due when a carrier submits a long-term-care insurance contract for certification as a Partnership contract, which demonstrates an active state certification process rather than a program described solely as historic or repealed (Nevada LTC Partnership regulations; Nevada DOI required industry reports).
The Division’s Partnership education material says Partnership-qualified plans operate like traditional plans and provide dollar-for-dollar protection from Medicaid asset-spend-down requirements. That is not a benefit of every ordinary LTC policy: the policy must be qualified and certified under the applicable Nevada requirements, and the consumer should retain the carrier’s written evidence of qualification (Nevada DOI Partnership education material; Nevada Partnership issuer certification form).
Certification activity is not proof of today’s carrier supply
The current Nevada regulatory sources establish a continuing certification pathway, so the Partnership framework is not properly labeled closed or legacy-only on this record. They do not, however, identify an insurer that is currently offering a new Nevada Partnership policy for sale. New-sale availability is a carrier and product fact that can change; confirm it in writing with the Division or a licensed carrier before relying on a sales illustration (Nevada DOI current certification filing requirement; Nevada DOI LTC consumer page).
Even a qualifying Partnership policy does not eliminate Nevada’s separate questions about income-cap eligibility, Qualified Income Trusts, five-year transfers, home title, and expanded estate recovery. A buyer should model how long benefits could last and coordinate the policy with the broader care and legal plan (2026 Nevada Medicaid eligibility guide; Nevada Medicaid estate-recovery law).
Nevada LTC insurance: the Division of Insurance regulates the market and maintains a live Partnership certification filing process. Confirm whether a carrier has a qualifying new policy available; the located official materials do not name a current carrier or guarantee new-sale availability (
Nevada DOI Partnership certification requirement).
For broader comparisons, see Traditional LTC Insurance. Obtain the policy, rate history, and written Partnership certification information before making a Medicaid or asset-protection assumption.
Federal Tax Incentives for LTC Insurance Premiums (2026)
Beyond any state-level benefit, a tax-qualified LTC insurance contract (one meeting IRC § 7702B)
carries several federal tax benefits, and a number of the relevant limits increased for 2026:
- Age-based premium deduction: eligible premiums count as a medical expense on
Schedule A (to the extent total unreimbursed medical expenses exceed 7.5% of AGI), up to 2026 limits
of $500 (age 40 or younger), $930 (41–50), $1,860 (51–60), $4,960 (61–70), and $6,200
(over 70) — all increased from 2025 (IRS Revenue Procedure 2025-32, § 4.27).
- Self-employed and business deductions: self-employed individuals can deduct 100%
of eligible premiums up to the same age-based limits without itemizing, and C-corporations can generally
deduct LTC premiums paid for employees as an ordinary business expense under IRC § 162, uncapped by
the individual age-based limits.
- Tax-free benefits: benefits from a tax-qualified contract are generally excluded
from income under IRC § 7702B(d); per-diem/indemnity contracts are tax-free up to $430/day (about
$13,079/month) for 2026 (IRS Revenue Procedure 2025-32, § 4.62).
- HSA-funded premiums: HSA funds can be withdrawn tax-free to pay eligible LTC
premiums, up to the same age-based limits above.
- New for 2026 — penalty-free retirement withdrawals: SECURE 2.0 Act § 334
lets eligible 401(k), 403(b), and governmental 457(b) participants under 59½ withdraw funds to pay
premiums on a certified LTC contract without the usual 10% early-withdrawal penalty, up to the least of
the actual premium paid, 10% of the vested account balance, or a statutory cap of $2,600 for 2026. The
distribution itself is still fully taxable as ordinary income and is not available from IRAs
(IRS Notice 2026-33).
Nevada state incentive: Nevada has no state income tax and offers no separate state credit or deduction for LTC insurance premiums — only the federal incentives above apply (
Got LTCi, State Tax Incentives).
State tax rules change frequently and the credit/deduction summary above is not exhaustive —
confirm current eligibility, forms, and amounts with your state department of revenue or a tax
professional before relying on any figure here.
Not mutually exclusive. Most families combine two or three funding pillars — this one rarely stands alone.
The
Journey Assessment ranks all ten pillars against your specific situation and
recommends the top three.
