What is one condition that must be met for a long-term care policy to maintain qualified status?

For a long-term care policy to maintain qualified status, it is essential that no changes that would affect the qualified status are made without the insured's consent. This requirement is fundamental because maintaining qualified status ensures that the policy meets the criteria set forth by the IRS, allowing the policyholder to enjoy tax benefits associated with qualified long-term care insurance.

Qualified policies are designed to provide tax advantages, which include the deductibility of premiums and benefits received being generally tax-free. If a policy is altered in ways that could disqualify it from these benefits—such as changes in coverage or benefit levels—then consent from the policyholder is necessary to ensure they are informed about and agree to such modifications, maintaining transparency and the policy's compliance.

While other aspects, such as age requirements or care types covered, are relevant to long-term care policies, they do not specifically pertain to the ongoing maintenance of the policy's qualified status once it has been established. Thus, ensuring that changes are made with the insured's consent is key to preserving the favorable tax treatment of the policy.