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H.R. 5255

Long-Term Care Insurance for the Elderly Act of 1986

Long-Term Care Insurance for the Elderly Act of 1986 - Amends the Internal Revenue Code to allow tax-free distributions from an individual retirement account or an individual retirement annuity for the purchase of long-term care insurance coverage for the individual within 90 days after the individual receives the payment or distribution and the individual has attained the age of 59 and one-half.

Requires the Secretary of Health and Human Services to submit to the Congress a report which contains a proposal for the regulation of long-term care insurance policies, including an analysis and evaluation of such policies available to individuals.

Referred to Subcommittee on Health and the Environment.

Rep. Rowland, J. Roy [D-GA-8](D-GA)Sponsor
9 cosponsors7 D2 R
9cosponsors2committees5actions10subjects
  1. CommitteeH11000

    Referred to Subcommittee on Health and the Environment.

    Health and Environment Subcommittee
  2. IntroReferralH11100

    Referred to House Committee on Ways and Means.

    Ways and Means Committee
  3. IntroReferralH11100

    Referred to House Committee on Energy and Commerce.

    Energy and Commerce Committee
  4. IntroReferralIntro-H

    Introduced in House

  5. IntroReferral1000

    Introduced in House