Bill Summary & Status for the 106th Congress

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H.R.1261
Sponsor: Rep Hobson, David L.(introduced 3/24/1999)
Latest Major Action: 4/12/1999 Referred to House subcommittee
Title: To amend the Internal Revenue Code of 1986 and title XIX of the Social Security Act to promote the purchase of private long-term care insurance by providing tax deductibility, State Medicaid flexibility, and information dissemination.
Jump to: Titles, Status, Committees, Related Bill Details, Amendments, Cosponsors, Summary
TITLE(S):  (italics indicate a title for a portion of a bill)
STATUS: (color indicates Senate actions)
3/24/1999:
Referred to the Committee on Ways and Means, and in addition to the Committee on Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
3/24/1999:
Referred to House Ways and Means
4/7/1999:
Referred to the Subcommittee on Health.
3/24/1999:
Referred to House Commerce
4/12/1999:
Referred to the Subcommittee on Health and Environment, for a period to be subsequently determined by the Chairman.
COMMITTEE(S):
RELATED BILL DETAILS:

***NONE***

AMENDMENT(S):

***NONE***

COSPONSORS(25), ALPHABETICAL [followed by Cosponsors withdrawn]:     (Sort: by date)

Rep Deutsch, Peter - 5/13/1999 Rep Forbes, Michael P. - 4/22/1999
Rep Fowler, Tillie - 6/16/1999 Rep Frost, Martin - 4/29/1999
Rep Goode, Virgil H., Jr. - 4/15/1999 Rep Goodling, William F. - 3/21/2000
Rep Graham, Lindsey O. - 7/1/1999 Rep Greenwood, James C. - 3/24/1999
Rep Isakson, Johnny - 7/1/1999 Rep Johnson, Nancy L. - 3/24/1999
Rep Kasich, John R. - 3/24/1999 Rep Kelly, Sue W. - 5/13/1999
Rep LaFalce, John J. - 6/9/1999 Rep Miller, Gary - 5/6/1999
Rep Nethercutt, George R., Jr. - 4/29/1999 Rep Ney, Robert W. - 6/16/1999
Rep Northup, Anne - 6/16/1999 Rep Ose, Doug - 7/22/1999
Rep Phelps, David D. - 8/5/1999 Rep Pryce, Deborah - 3/24/1999
Rep Sawyer, Tom - 3/24/1999 Rep Shays, Christopher - 4/29/1999
Rep Stearns, Cliff - 6/10/1999 Rep Walden, Greg - 5/13/1999
Rep Whitfield, Ed - 4/22/1999

SUMMARY AS OF:
3/24/1999--Introduced.

Long-Term Care Insurance Act of 1999 - Amends the Internal Revenue Code to allow a phased- in deduction (20 percent to 100 percent over five years) for eligible long-term care premiums paid on behalf of a taxpayer, spouse, or dependent.

Provides that such deduction shall: (1) not be part of the medical deduction; (2) not be available if used as part of the self-employed health insurance deduction; and (3) be available to nonitemizers and itemizers.

Reduces the earned income percentage for taxpayers without children.

Amends the Social Security Act, with respect to long-term care policy benefits, to exempt 75 percent of certain disregarded assets from State Medicaid recovery.

Directs the: (1) Commissioner of the Social Security Administration to inform the public about the financial risks and costs of long-term care costs, and the limited coverage provided under Medicaid and Medicare; and (2) Secretary of Labor to encourage employer-sponsored long-term coverage.