NU Online News Service, June 21, 12:01 p.m. – The Health Insurance Association of America, Washington, has put out a statement praising H.R. 4946, the Improving Access to Long-Term Care Act of 2002.
The House Ways and Means Committee approved the bill earlier this week.
Dr. Donald Young, president of HIAA, accentuates the positive in the HIAA statement.
Although H.R. 4946 is “quite limited in scope, the bill sets an important precedent,” Young says. “If this proposal moves forward, long-term care insurance premiums will move closer to being granted a full above-the-line tax deduction. This is precisely the kind of incentive Americans need to purchase long-term care insurance in greater numbers.”