Search Results: keywords:"long-term care insurance"

  • H. R. 2082 — To amend title II of the Social Security Act to provide for long-term care insurance benefits, and for other purposes.
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    Status:Introduced in House
    Words:4,145

    H.R. 2082, also known as the "Well-Being Insurance for Seniors to be at Home Act" or the "WISH Act," seeks to amend the Social Security Act to offer long-term care insurance benefits. This bill would provide financial support to seniors with serious disabilities, allowing...

    Simple Explanation

    H.R. 2082 is a bill to help seniors with serious disabilities pay for care at home so they don't have to use Medicaid as much. It creates a special money fund to manage this, and part of the money will go to teaching the public about these benefits.

  • H. R. 8820 — To amend the Internal Revenue Code of 1986 to provide an above-the-line deduction for long-term care insurance premiums and to reduce certain tax credits.
    Status:Introduced in House
    Words:869

    H.R. 8820, titled the “Improving Access to Long-Term Care Insurance Act,” proposes changes to the Internal Revenue Code of 1986. It aims to allow taxpayers to deduct long-term care insurance premiums without needing to itemize their deductions and without these expenses...

    Simple Explanation

    H.R. 8820 is a plan to let people save money on their taxes by taking away the need to spend a lot before getting help to pay for long-term care insurance, like what helps the elderly or sick when they need extra care. But to make up for this, other ways people save on taxes, called credits, might be reduced.