Private Long-Term Care Insurance Promotion Act
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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).
Referred to the House Committee on Ways and Means.
- Introduced in House Formatted Text
Cite this page
U.S. Congress. (2026). H.R. 421: Private Long-Term Care Insurance Promotion Act. 101st Congress. Open America. https://openamerica.io/bill/101-HR-421/
"H.R. 421: Private Long-Term Care Insurance Promotion Act." 101st Congress, 2026, Open America, https://openamerica.io/bill/101-HR-421/.
H.R. 421, 101st Cong. (2026), https://openamerica.io/bill/101-HR-421/.
[H.R. 421: Private Long-Term Care Insurance Promotion Act](https://openamerica.io/bill/101-HR-421/)