U.S. Congress - H.R.5559 Long-Term Care and Retirement Security Act of 2008
H.R.5559 - Long-Term Care and Retirement Security Act of 2008
To amend the Internal Revenue Code of 1986 to allow individuals a deduction for qualified long-term care insurance premiums, use of such insurance under cafeteria plans and flexible spending arrangements, and a credit for individuals with long-term care needs. view all titles (2)
All Bill Titles
- Short: Long-Term Care and Retirement Security Act of 2008 as introduced.
- Official: To amend the Internal Revenue Code of 1986 to allow individuals a deduction for qualified long-term care insurance premiums, use of such insurance under cafeteria plans and flexible spending arrangements, and a credit for individuals with long-term care needs. as introduced.
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Official Summary
3/6/2008--Introduced.Long-Term Care and Retirement Security Act of 2008 - Amends the Internal Revenue Code to: (1) allow a tax deduction from gross income for long-term care insurance premiums; (2) include long-term care insurance in employee benefit cafeteria plans and flexible spending aOfficial Summary
3/6/2008--Introduced.Long-Term Care and Retirement Security Act of 2008 - Amends the Internal Revenue Code to:
(1) allow a tax deduction from gross income for long-term care insurance premiums;
(2) include long-term care insurance in employee benefit cafeteria plans and flexible spending arrangements;
(3) allow a tax credit for certain long-term care costs; and
(4) set forth certain consumer protections for long-term care insurance contracts.
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