In a big legislative win for home care, a provision of the EARN Act, heavily supported by HCAOA, was included in Congress’ recent spending bill. Section 334 of the Omnibus Spending bill permits retirement plans to distribute up to $2,500 per year for the payment of premiums for certain specified long-term care insurance contracts. Distributions from plans and IRAs to pay such premiums would be exempt from the additional 10% tax on early distributions.
HCAOA thanks members for contacting their legislators by phone or email through the HCAOA Legislative Advocacy Network in support of the EARN Act.
0 Comments
Leave a Reply. |
Archives
January 2023
Categories
All
Upcoming Events |
Phone: 202-519-2960 | 444 N. Capitol Street NW, Suite 428 | Washington, DC 20001
info@hcaoa.org | sitemap © 2020 Home Care Association of America. All Rights Reserved. | Privacy Policy | Refund Policy |
|