There is one summary. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (05/01/1996)

TABLE OF CONTENTS:

Title I: Tax-Related Provisions

Title II: Federal Standards for Private Long-Term Care

Insurance Contracts

Long-Term Care Insurance Incentives and Consumer Protection Act of 1996 - Title I: Tax-Related Provisions - Amends the Internal Revenue Code to, as a general rule, treat: (1) a qualified long-term care insurance contract as an accident and health insurance contract; (2) amounts received under a qualified long-term care insurance contract as amounts received for personal injuries and sickness; (3) any plan of an employer providing coverage under a qualified long-term care insurance contract as an accident and health plan; (4) amounts paid for a qualified long-term care insurance contract providing specified benefits as payments made for insurance for purposes of the medical expense deduction; and (5) a qualified long-term care insurance contract as a guaranteed renewable contract. Defines a qualified long-term care insurance contract.

Title II: Federal Standards for Private Long-Term Care Insurance Contracts - Amends the Social Security Act to add a new Title XXI, Federal Standards for Private Long-Term Care Insurance Contracts. Directs the Secretary of Health and Human Services, under such title, to review, approve, and periodically reapprove State programs that certify long-term care insurance as meeting standards established under the new title.