HR 5255
99th Congress
House
Taxation
Business and commerce
Geriatrics
Health
Health insurance
Income tax
Individual retirement accounts
Insurance
Social Welfare
Tax-deferred compensation plans
Long-Term Care Insurance for the Elderly Act of 1986
Introduced: July 24, 1986
See on congress.gov
Everywhere this bill has been
4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 31, 1986
Referred to Subcommittee on Health and the Environment.
Jul 24, 1986
Referred to House Committee on Ways and Means.
Jul 24, 1986
Referred to House Committee on Energy and Commerce.
Jul 24, 1986
Introduced in House
Plain-English summary
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.
What's happening now
Referred to Subcommittee on Health and the Environment.
Committees of jurisdiction
3
Cosponsors
1