Political Quotes

Michael Roth: “With respect to the first point, long-term care insurance is treated the same as medical insurance for tax purposes…”

On the recordApril 18, 1996
With respect to the first point, long-term care insurance is treated the same as medical insurance for tax purposes under the leadership amendment. Since long-term care insurance is treated as medical insurance it is intended that it will be subject to the nondiscrimination rules applicable to medical insurance provided to employees by an employer. On the Senator's second point, it is not the intent of the leadership amendment to preclude States from enacting stronger long-term care consumer protections. A clarification of this issue can be addressed in the conference report to the bill if necessary.
Said by
Michael Roth

Editor's note · Context

Discussing the treatment of long-term care insurance under tax law and state consumer protections.

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