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HR 421 101th Congress House Taxation Corporation taxes Health Income tax Insurance companies Long-term care insurance Tax administration

Private Long-Term Care Insurance Promotion Act

Introduced: January 3, 1989 Introduced by: Wyden, Ron Democratic · Oregon See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 3, 1989
Referred to the House Committee on Ways and Means.
Jan 3, 1989
Introduced in House
 Plain-English summary Congressional Research Service

Private Long-Term Care Insurance Promotion Act - Amends the Internal Revenue Code to require that for the purpose of determining the income tax liability of insurance companies guaranteed renewable insurance contracts providing for qualified long-term health care be treated in the same way as noncancellable accident or health insurance contracts. Applies this requirement to contracts covering diagnostic, preventive, therapeutic, rehabilitative, and personal care services that are: (1) required by a chronically ill or disabled individual; and (2) provided by a qualified licensed provider (other than a family member) in a nursing facility, including hospitals and nursing homes, or in a home (if home care is a substitute for care in a nursing facility).

What's happening now January 3, 1989

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1