Congress now is considering a second version of a major long term care insurance bill.
H.R. 2096, the Long Term Care Affordability and Security Act, would allow long term care insurance to be included in employer-sponsored cafeteria plans and flexible spending accounts. Plan participants could pay for LTC insurance with pre-tax dollars..
The bill also would create new federal LTC insurance consumer protection laws based on provisions in a model developed by the National Association of Insurance Commissioners, Kansas City, Mo.
H.R. 2096 was introduced by Reps. Earl Pomeroy, D-N.D., Allyson Schwartz, D-Pa., Charles Boustany, R-La., and Ginny Brown-Waite, R-Fla.
Members of the Senate introduced a similar bill, S. 702, in March.