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In reply to the discussion: Liberal Alternative to AARP? [View all]

question everything

(50,109 posts)
9. I have often wondered why they do not lobby for tax break for long term care
Tue Sep 6, 2016, 01:01 PM
Sep 2016

We have been told about the calamity that would come when all the baby boomers would need government assistance in long term care.

Premium are expensive, especially since most of us start looking at our late 50s and 60s. And, many providers left the field.

All we need to do - and I've written to anyone who I though of - is to treat these premiums like IRA contributions, let tax payers take credit to adjust their gross income.

Tax payers over 50 can deduct $6500 in IRA contribution. Average Long term premium is $3500. Thus, the treasury would "lose" less and the return for tax payers would be large.

Also, one would think, with all the Republicans thriving for "self sufficiency" that we should be encouraged to provide for our own.


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