Industry Leader Praises Health Reform Bill that Provides 50% Tax Deduction for Long-Term Car... ( KIRKLAND Wash. Sept...)

Industry Leader Praises Health Reform Bill that Provides 50% Tax Deduction for Long-Term Care Premiums

Date:9/10/2009

KIRKLAND, Wash., Sept. 10 /PRNewswire/ -- Today Jonas Roeser, a long-term care industry leader, declared his support for H.R. 1891, a House bill to make long-term care insurance more affordable through a 50% tax deduction. Roeser is Senior Vice President of Marketing and Operations for LTC Financial Partners LLC (LTCFP) -- http://www.ltcfp.com -- one of the nation's largest and most experienced long-term care insurance agencies.

*(IMAGE 72dpi: Send2Press.com/mediaboom/09-0910-JRoeser_72dpi.jpg)

*(Image Caption: LTC Financial Senior Vice President of Marketing & Operations, Jonas Roeser.)

*(IMAGE 72dpi: Send2Press.com/mediaboom/09-0910-3in4ltc_72dpi.jpg)

*(Image Caption: Logo for "3 in 4 Need More" campaign.)

"Unless long-term care, the unseen elephant in the room, is dealt with, health reform will be incomplete," says Roeser. "According to the U.S. Department of Health and Human Services, at least 70% of Americans over the age of 65 will need long-term care services at some point in their lives. That's 3 in every 4 of us. How can we say it's real health reform if we ignore this need at the most health-challenged stage of life?"

H.R.1891, the Sunset of Life Protection Act of 2009, may be the most politically viable means of plugging the gap, in Roeser's view. It amends the Internal Revenue Code to allow a deduction from gross income for 50% of long-term care premiums without regard to the 7.5 % adjusted gross income limitation applicable to other medical or dental expenses; and it allows individual taxpayers to claim the tax deduction regardless of whether they itemize other deductions.

"Conservatives and liberals alike can agree on the simplicity and effectiveness of tax deductions," says Roeser. My colleagues and I
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SOURCE LTC Financial Partners LLC
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