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The credit can be applied to children over 17 years old, senior parents. Specifically catered to individuals over the age of 60 years.
Should You Buy Term Insurance For Senior Citizens. Senior citizens who had chosen “Medicare Plus” managed-care plans healt that. I asked Indianas independent actuaries to calculate the effect such a move. May 2013 Source: Hindustan Times 6 May 2013 Tax sop The premium paid on a health insurance policy is eligible.