Capitol Hill Watch | Bill Would Allow Flexible Spending Accounts To Include Long-Term Care Insurance

A bipartisan group of House members last week introduced a bill (HR 3363) that would allow flexible spending accounts to include long-term care insurance, CQ HealthBeat reports. The legislation -- sponsored by Rep. Earl Pomeroy (D-N.D.) and co-sponsored by Reps. Jim Ramstad (R-Minn.), Allyson Schwartz (D-Pa.) and Kenny Hulshof (R-Mo.) -- would allow employees to pay for long-term care insurance premiums with pre-tax dollars. According to supporters, the bill would help millions of baby boomers save for long-term care costs (CQ HealthBeat, 8/8).