Close Close
ThinkAdvisor

Life Health > Health Insurance

NAIFA Affiliate Pushes For LTC Ta Break

X
Your article was successfully shared with the contacts you provided.

The Association of Health Insurance Advisors is backing a new federal long term care insurance tax bill.[@@]

The bill, H.R. 2682, would provide an above-the-line deduction for individual expenditures on LTC insurance premiums and a tax credit of up to $3,000 per year for caregivers.

The bill also would permit employers to offer LTC policies through cafeteria plans and flexible spending accounts.

AHIA, an arm of the National Association of Insurance and Financial Advisors, Falls Church, Va., has put out a statement praising Reps. Nancy Johnson, R-Conn., and Earl Pomeroy, D-N.D., for introducing the bill.

“H.R. 2682 represents meaningful tax relief and is an important incentive for Americans to take greater personal responsibility for their long-term care needs,” says AHIA President-elect Debra Newman.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.