Rep. Burlison Introduces the Improving Access to Long-Term Care Insurance Act
WASHINGTON- Today, Congressman Eric Burlison (R-MO-07) introduced the Improving Access to Long-Term Care Insurance Act to create a tax deduction for the cost of the long-term care insurance premiums.
“Currently, over 70% of Americans aged 65 or older face the need for long-term care, making it a top financial concern. My bill will encourage individuals to purchase long-term care insurance by providing a tax deduction for the costs of insurance premiums for individuals who take responsibility for purchasing long-term care insurance instead of relying on the state and federal government for their care. The federal government should always be looking for ways to encourage individuals to be self-reliant instead of relying on government programs,” said Rep. Burlison.