Leading Senior Living Organizations Support Measure to Make Long-Term Care Insurance More Affordable

Leading Senior Living Organizations Support Measure to Make Long-Term Care Insurance More Affordable

Washington, D.C. – U.S. Senator Pat Toomey (R-Pa.) is re-introducing a bill to increase the affordability of long-term care insurance. Senator Toomey’s Long-Term Care Affordability Act would allow individuals to pay up to $2,500 each year for long-term care insurance with their 401(k), 403(b), and IRAs without a tax penalty.

Vote:
0