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As discussed in the text, one of the gymnasts who competed in the 1976 Olympics broke his leg midway through the competition but actually hid his injury from his teammates (because he did not want them to be distracted or concerned during the competition) and continued to compete (and help his team win the medal) . This story is used to illustrate the notion of ____.
Long-Term Care Insurance
Long-term care insurance is a type of insurance designed to cover the costs of long-term care services, including nursing home care, assisted living, or in-home care.
Medical Expenses
Costs incurred for the diagnosis, cure, mitigation, treatment, or prevention of disease, and for treatments affecting any part or function of the body.
Medical Expenses
Costs for healthcare that can potentially be deducted from one's taxable income if they exceed a certain percentage of the tax filer's adjusted gross income.
Adjusted Gross Income
An individual's gross income minus specific deductions, key for determining taxable income.
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