HR 4289
WISH Act
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Bill overview
The Well-Being Insurance for Seniors to be at Home Act (WISH Act) aims to establish a federal long-term care insurance benefit for most Americans. It proposes a new payroll tax to fund this benefit, with initial funding repaid within 10 years. The bill establishes a system for determining eligibility based on age, disability, and coverage history, and it includes provisions for calculating benefit amounts and providing information to beneficiaries. It also modifies the Internal Revenue Code to include a tax on wages, self-employment income, and railroad retirement taxes to support the long-term care insurance program.
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