LTC and Retirement Security Act of 2008 (H.R. 5559)
Overview:
110th Congress (2007-2009)
Type: Use of FSA Funds and Cafeteria Plans
Key Components:
- Allow LTC insurance to be offered under employer sponsored
cafeteria plans and Flexible Savings Accounts (FSAs). Allows above the line tax deduction for LTC insurance premiums and a tax credit for family caregivers. - Enhances consumer protections for insurance under the National Association of Insurance Commissioners (NAIC) Model Regulation and Act.
Key Authors:
- Rep. Adam Putnam (R-FL)
House Ways and Means
LTC and Retirement Security
Act of 2008
(H.R. 5559)
Category:
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