File Form 1099-LTC, Long-Term Care and Accelerated Death Benefits, if you pay any long-term care benefits.
Long-Term Care Benefits
Long-term care benefits means:
- Any payments made under a product that is advertised, marketed, or offered as long-term care insurance (whether qualified or not) and
- Accelerated death benefits (excludable in whole or in part from gross income under section 101(g)) paid under a life insurance contract or paid by a viatical settlement provider.