Bill Would Allow Flexible Spending Accounts To Include Long-Term Care Insurance

Armen Hareyan's picture

A bipartisan group of House members last week introduced a bill (HR 3363) that would allow flexible spending accounts to include long-term care insurance, CQ HealthBeatreports.

The legislation -- sponsored by Rep. Earl Pomeroy (D-N.D.) andco-sponsored by Reps. Jim Ramstad (R-Minn.), Allyson Schwartz (D-Pa.)and Kenny Hulshof (R-Mo.) -- would allow employees to pay for long-termcare insurance premiums with pre-tax dollars. According to supporters,the bill would help millions of baby boomers save for long-term carecosts (CQ HealthBeat, 8/8).

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