AHIP Comment Letter On Permitting LTC Insurance As Investments Within Qualified Retirement Plans

by AHIP

December 6, 2017

On December 6, AHIP submitted comments to the Treasury Department’s Federal Advisory Committee on Insurance, recommending the publication of guidance that would confirm that qualified long-term care insurance (QLTCI) should be permitted as an investment within qualified retirement plans. We stress that allowing the use of retirement plan assets to purchase QLTCI performs a crucial role in individuals’ retirement security and that making available a portion of retirement assets for this purpose would materially expand LTC insurance protection.