Legis Daily

Long-Term Care Affordability Act

USA117th CongressHR-7107| House 
| Updated: 3/16/2022
Ann Wagner

Ann Wagner

Republican Representative

Missouri

Cosponsors (6)
Dusty Johnson (Republican)Beth Van Duyne (Republican)Andrew R. Garbarino (Republican)Debbie Lesko (Republican)Brian K. Fitzpatrick (Republican)Louie Gohmert (Republican)

Ways and Means Committee, Education and Workforce Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Long-Term Care Affordability Act This bill allows the use of tax-exempt retirement plan distributions to pay for long-term health care insurance. Specifically, it excludes such distributions from the gross income of an insured individual up to $2,500 for per individual in a taxable year. It also imposes reporting requirements on plans and insured individuals and requires a description of long-term care insurance arrangements and facts sheets for employers and workers.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jul 21, 2021

Latest Companion Bill Action

S 117-2415
Introduced in Senate
Mar 16, 2022
Introduced in House
Mar 16, 2022
Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Labor, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
  • July 21, 2021

    Latest Companion Bill Action

    S 117-2415
    Introduced in Senate


  • March 16, 2022
    Introduced in House


  • March 16, 2022
    Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Labor, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Taxation

Related Bills

  • S 117-2415: Long-Term Care Affordability Act

Long-Term Care Affordability Act

USA117th CongressHR-7107| House 
| Updated: 3/16/2022
Long-Term Care Affordability Act This bill allows the use of tax-exempt retirement plan distributions to pay for long-term health care insurance. Specifically, it excludes such distributions from the gross income of an insured individual up to $2,500 for per individual in a taxable year. It also imposes reporting requirements on plans and insured individuals and requires a description of long-term care insurance arrangements and facts sheets for employers and workers.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jul 21, 2021

Latest Companion Bill Action

S 117-2415
Introduced in Senate
Mar 16, 2022
Introduced in House
Mar 16, 2022
Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Labor, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
  • July 21, 2021

    Latest Companion Bill Action

    S 117-2415
    Introduced in Senate


  • March 16, 2022
    Introduced in House


  • March 16, 2022
    Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Labor, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Ann Wagner

Ann Wagner

Republican Representative

Missouri

Cosponsors (6)
Dusty Johnson (Republican)Beth Van Duyne (Republican)Andrew R. Garbarino (Republican)Debbie Lesko (Republican)Brian K. Fitzpatrick (Republican)Louie Gohmert (Republican)

Ways and Means Committee, Education and Workforce Committee

Taxation

Related Bills

  • S 117-2415: Long-Term Care Affordability Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted