Tax Relief for LTC Act (H.R. 6237)
Amend the IRC to provide tax credit for LTC premiums and for family caregivers living with a family member or dependent with LTC needs.
Simple Cafeteria Plan Act (S. 988)
Reintroduce S. 723 from 109th Congress. Amend the IRC of 1986 to allow small businesses to include LTC insurance in cafeteria plans.
LTC Retirement and Security Act (H.R. 6005)
Create tax deduction for LTC insurance premiums, starting at 25% in 2013 and increasing to 65% in 2015, and 100%
thereafter.
LTC Affordability Act (S. 4820)
Amend the IRC to exclude up to $2,500/year from gross income distributions from eligible retirement plans if used to purchase LTC insurance or chronic illness benefit under a life insurance policy.
Long-Term Care Partnership Program
The program allows Medicaid to disregard assets in an amount equal to the insurance benefit payments made under a Partnership-qualified (PQ) LTC insurance policy if and when someone with a PQ plan exhausted their private coverage and applied for Medicaid.
Mark Warshawsky, National Affairs: Financing Long-Term Care
Directs public program resources to those who cannot afford care and otherwise encourages self-reliance among those who could afford care through private funds or insurance.
Bipartisan Policy Center: An Updated Policy Roadmap: Caring for Those with Complex Needs
Federal Catastrophic Long-Term Care Insurance. Presents a mix of publicly funded programs and private insurance approaches to financing LTSS as a package of solutions designed to be financially and politically viable.
Milken Institute: New Approaches to Long-Term Care Access for Middle-Income Households
Goal to develop complementary public-private LTSS financing solutions focused on front-end protection provided by the state. Identifies three promising areas for increased financing and delivery opportunities: Medicare expansion solutions, Technology solutions, Public and private LTC insurance solutions.
The American Long-Term Care Insurance Program: A Solution to Reduce Cost and Provide Stability
Goals are to make private coverage more affordable for middle-income buyers, relieve
pressure on Medicaid budgets.
Long-Term Care Financing Collaborative (LTCFC): Principles for Improving Financing and Delivery of Long Term Services and Supports
Recommends a combination of public and private sector reforms: Universal catastrophic insurance program of financial support for those with extended LTC needs. Various initiatives to revitalize the private LTC insurance market to better address non-catastrophic care needs. Stronger support for family caregivers. Modernization of the Medicaid safety net for LTSS.