Long Term Health Care premium tax credit with Caregiver Credit

June 13, 2008 by  
Filed under Articles, News

The Connecticut Rep. Joe Courtney has introduced a bill H.R. 6237 that would provide a federal tax credit for Long Term Health Care insurance premiums and a caregiver tax credit under certain circumstances. You can see the rest of the article on Courant.com (June 14). The entire bill can be found on the Library of Congress Thomas. It is in the very early stages of being considered in Congress. People should contact their representatives and let them know how they would feel about such a bill. There is a need for tax credits for Long Term Health Care premiums and relief for family caregivers. What do you think about such a bill?

Employee caregiving help benefits

June 1, 2008 by  
Filed under Articles, News

In April, there was an article in Inside Indiana Business that cited a 2006 Metlife Mature Market Institute study showing that US businesses lose between $17.1 to 33.6 billion dollars in productivity due to employees caregiving responsibilities. The purpose of the article was to highlight the proposal of an Indiana based company, My Health Care Manager LLC., that employees and employers become educated on the need for some form of a voluntary caregiving assistance benefit. This would help both the employees as well as employers. Obviously, the employee would pay for the majority but the companies would do the leg work to find and research reputable companies to assist employee caregivers in juggling their work and caregiving responsibilities. With all of the baby boomers turning 60, there is going to be a need for national attention on the services family caregivers provide for our society and to identify what support caregivers need so that taxpayers don’t pick up the tab. There has not been much attention paid to caregivers in this long primary season. For those of us that identify ourselves as “caregivers,” we must start interacting to get a sense of what types of support (government, insurance companies, etc) are needed so that when our caregiving duties are over, we don’t need a caregiver.