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LTCi Legislative Information



LTC Affordability

The need for long-term care insurance is a major issue for aging Americans and their families. As this population continues to expand, consumers can benefit from additional options that allow for planning and managing the costs associated with long-term care needs. Research shows that someone turning age 65 today has an almost 70 percent chance of needing some type of long-term care services and support in their remaining years. Despite this, among households headed by persons aged 65 or over, almost 50 percent have insufficient funds to find a home health aide for just one year. NAHU members who work with long-term care beneficiaries can attest to the urgency of this matter and the growing gap between those who need these services and those who can afford to finance at least part of the costs.

NAHU supports legislation permit 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.

S. 2415 | Sen. Pat Toomey (R-PA)