Long-Term Care Insurance for the Elderly Act of 1986
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Long-Term Care Insurance for the Elderly Act of 1986 - Amends the Internal Revenue Code to allow tax-free distributions from an individual retirement account or an individual retirement annuity for the purchase of long-term care insurance coverage for the individual within 90 days after the individual receives the payment or distribution and the individual has attained the age of 59 and one-half.
Requires the Secretary of Health and Human Services to submit to the Congress a report which contains a proposal for the regulation of long-term care insurance policies, including an analysis and evaluation of such policies available to individuals.
Referred to Subcommittee on Health and the Environment.
Cite this page
U.S. Congress. (2026). H.R. 5255: Long-Term Care Insurance for the Elderly Act of 1986. 99th Congress. Open America. https://openamerica.io/bill/99-HR-5255/
"H.R. 5255: Long-Term Care Insurance for the Elderly Act of 1986." 99th Congress, 2026, Open America, https://openamerica.io/bill/99-HR-5255/.
H.R. 5255, 99th Cong. (2026), https://openamerica.io/bill/99-HR-5255/.
[H.R. 5255: Long-Term Care Insurance for the Elderly Act of 1986](https://openamerica.io/bill/99-HR-5255/)