H.R.161 - Real Estate Investment Trust Modernization Act of 1999106th Congress (1999-2000)
|Sponsor:||Rep. Hill, Rick [R-MT-At Large] (Introduced 01/06/1999)|
|Committees:||House - Ways and Means; Commerce|
|Latest Action:||01/20/1999 Referred to the Subcommittee on Health and Environment, for a period to be subsequently determined by the Chairman.|
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Summary: H.R.161 — 106th Congress (1999-2000)All Bill Information (Except Text)
Introduced in House (01/06/1999)
Amends title XIX (Medicaid) of the Social Security Act to prohibit the imposition of Medicaid home liens and Medicaid estate recovery for long-term care services in the case of an individual who has received benefits under a qualified long-term care insurance policy for at least three years during the five-year period ending on the date of provision of such services.
Amends the Internal Revenue Code to: (1) repeal the inclusion in an employee's gross income of employer-provided coverage (through a flexible spending or similar arrangement (FSA)) of qualified long-term care services; (2) allow the carryover of amounts in excess of the maximum amount of reimbursement under an FSA; and (3) exclude from gross income the reimbursement of long-term care insurance premiums by FSAs (as well as the reimbursement of health insurance premiums during unemployment).