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Springfield Standard

Tuesday, November 5, 2024

Rep. Burlison introduces act to create tax deduction for long-term care insurance

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U.S. Rep. Eric Burlison Representing the 7th District of Missouri | Official U.S. House headshot

U.S. Rep. Eric Burlison Representing the 7th District of Missouri | Official U.S. House headshot

Today, Congressman Eric Burlison (R-MO-07) introduced the Improving Access to Long-Term Care Insurance Act, aimed at creating a tax deduction for the cost of long-term care insurance premiums.

"Currently, over 70% of Americans aged 65 or older face the need for long-term care, making it a top financial concern. My bill will encourage individuals to purchase long-term care insurance by providing a tax deduction for the costs of insurance premiums for individuals who take responsibility for purchasing long-term care insurance instead of relying on the state and federal government for their care. The federal government should always be looking for ways to encourage individuals to be self-reliant instead of relying on government programs," said Rep. Burlison.

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