Long Term Care Associates, Inc. - Long Term Care Associates Supports The Tax Relief for Long-Term Care Act of 2008

Robert T. FormanStore this angel in big sizeBellevue, WA August 22, 2008 -- Long Term Care Associates (LTCA) today appear its abutment of H.R. 6237 alien by Representative Joe Courtney (D-CT). If passed, the Bill would alter the Internal Revenue Code of 1986 to accommodate a federal tax acclaim both for able abiding affliction allowance premiums and for taxpayers who accommodate affliction to those with abiding affliction needs. LTCA has created a hotlink on its website that will accredit consumers to articulation their abutment for this Bill.

"Our analysis indicates that a lot of consumers would like to see a tax acclaim for the acquirement of continued appellation affliction insurance," said LTCA President Robert Forman. He added, "We are appreciative to be able to action Americans the adventitious to accomplish their choir heard and accommodate an access to ask their Representatives to accord them some tax abatement during this arduous bread-and-butter climate."

Although alone afresh introduced, Representative Courtney's alleged "TLC Act of 2008" could actualize the blazon of purchasing allurement a lot of individuals affirmation is a affective agency in the acquirement of clandestine continued appellation affliction insurance. While there are currently abundant federal and accompaniment LTC allowance tax allowances in place, the a lot of frequently activated chronicle to employer-sponsored coverage, agnate to bloom allowance deductions. Stronger federal incentives to advice individuals, as proposed by H.R. 6237, advice abate the amount of coverage, strengthen accessible aplomb in the product, and abate Medicaid and Medicare expenditures.

Additionally, the Bill would accommodate tax abatement to those families currently accouterment uncompensated abiding affliction to a ancestors affiliate or dependent. Long-term affliction is the blazon of continued affliction accustomed as the aftereffect of an abstract or affliction and can be accustomed in a nursing facility, assisted-living facility, or a lot of frequently in one's own home, which is area 43% of LTC action allowances were accustomed in 2007.

Curiously, a contempo abstraction by the Lincoln Retirement Institute begin that 59% of Boomers anticipate others should adapt for the achievability of defective abiding affliction by purchasing insurance, yet alone 35% say they themselves are application allowance as one of their own preparations. "There is a absolute ache for tax incentives that will advice abutting the gap amid what humans anticipate should be done and what they're in actuality doing," commented Forman. He continued, "With the anniversary amount of affliction now at $76,285, based on the Genworth Financial 2008 Cost of Care Survey, and alone predicted to rise, we charge a acceptable band-aid to awning the unfunded accountability of Boomers' approaching continued affliction costs."

Questions about the accessible federal and accompaniment tax deductions of abiding affliction allowance can be directed online to LTCA's Ask Us A Question apparatus or you can alarm LTCA at 1-800-742-9444.

Contact:
Robert Forman, President
LTCA, Inc.
1-800-742-9444
www.ltc-associates.com

About us:
LTCA, Inc. is headquartered in Bellevue, Washington. With roots dating aback to 1974 LTCA is one of the country's oldest and a lot of acclaimed continued appellation affliction allowance business organizations. Learn added about LTCA at our website.