There is a new bill introduced in the House that would allow consumers to pay long-term care insurance premiums with pre-tax dollars by including them with employer’s flexible spending accounts.

The bill also stated that if 75% of individuals between the age of 40 and 65 were to purchase this insurance and maintain it, the annual savings in Medicare nursing home expense would total $19 billion, and annual savings in out-of-pocket expenses would total $41 billion by 2030.

Source: NASE Washington Watch Update, 8/15/07.