E-File Form 1099-LTC Online to Report Long-Term Care and Accelerated Death Benefits

Insurance companies, governmental units, and viatical settlement providers must file Form 1099-LTC if they pay any long-term care benefits during the tax year. Reportable payments may be made to the policyholder, insured, or a third party.

For the 2026 tax year, you must send recipient copies by February 1, 2027. The paper filing deadline is March 1, 2027, and the e-filing deadline is March 31, 2027. The first two dates move to the next business day because they fall on a Sunday.

No. Form 1099-LTC must be filed for any reportable long-term care or accelerated death benefit payment, so there is no minimum dollar threshold for filing the form.

Form 1099-LTC reports gross long-term care benefits and accelerated death benefits paid during the year. Long-term care benefits include payments under products marketed as long-term care insurance, while accelerated death benefits are reported when paid under qualifying life insurance contracts or by viatical settlement providers.

Form 1099-LTC has three copies, each serving different purposes:

• Copy A must be filed with the IRS.
• Copy B must be furnished to the policyholder.
• Copy C must be furnished to the insured individual.

If the policyholder and insured are the same individual, only Copy B is required, while Copy C is optional.

Form 1099-LTC must be furnished to both the policyholder and the insured when they are different individuals. The form is reportable only when the policyholder is an individual, even if the benefits were paid to the insured or a third party.

For 2026 information returns, penalties depend on how late the form is filed or furnished: