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.