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Easier Access to Long-Term Care Insurance via Retirement Funds

This act aims to make it easier for citizens to pay for long-term care insurance. It allows the use of retirement plan funds, up to $2,500 annually, without additional taxation. This helps individuals plan for their future and financially secure themselves against the need for long-term care.
Key points
Ability to withdraw up to $2,500 annually from retirement plans for long-term care insurance without paying taxes.
The $2,500 amount will be adjusted annually for inflation, increasing its value over time.
Insurers will be required to report withdrawals for long-term care insurance, increasing transparency.
More information on long-term care insurance will be made available to employees and employers.
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Status:
Expired
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Additional Information
Print number: 117_HR_7107
Sponsor: Rep. Wagner, Ann [R-MO-2]
Process start date: 2022-03-16
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Long-Term Care Affordability Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_7107.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-03-16.

What are the main provisions?

Key points include:

  • Ability to withdraw up to $2,500 annually from retirement plans for long-term care insurance without paying taxes.
  • The $2,500 amount will be adjusted annually for inflation, increasing its value over time.
  • Insurers will be required to report withdrawals for long-term care insurance, increasing transparency.
  • More information on long-term care insurance will be made available to employees and employers.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Wagner, Ann [R-MO-2].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Taxes Health Benefits