Republicans Insurance

Republican legislators say they will push for federal and state incentives to make long-term care insurance more affordable for Virginians.

They say the goal is to slow the explosive growth of Medicaid spending in Virginia.

Delegate L-Preston Bryant of Lynchburg says while the issue isn't terribly exciting, he calls it "absolutely one of the most important" budgetary challenges facing Virginia.

House Speaker William Howell of Stafford County says GOP legislators will propose a state income tax credit equal to the entire cost of an individual's long-term care insurance premiums.

They also will sponsor legislation allowing former state employees who are fully vested in the state retirement system to purchase group policy long-term care insurance.

Congressman Eric Cantor says he is co-sponsoring federal legislation providing tax breaks for purchasers of long-term care policies and for families providing in-home care for a relative.

The Republicans outlined their proposals today in Richmond.

(Copyright 2003 by The Associated Press. All Rights Reserved.)


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