Improving Long-Term Care Choices Act of 2005 (S. 1602)

Overview:

109th Congress (2005-2007)

Type: Tax Deductions; Use of FSA Funds and Cafeteria Plans

Key Components:

  • Companion bill to H.R. 6405 (above). Amend the IRC of 1986 to allow individuals a deduction for qualified LTC insurance premiums, the use of such insurance under cafeteria plans and flexible spending arrangements.

Key Authors:

  • Sen. Chuck Grassley (R-IA)
    Senate Finance

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