Bill
SF 1337
Minnesota bill expands tax credits for long-term care insurance purchases to incentivize private coverage and reduce future public program costs.
SF 1337 expands Minnesota's existing long-term care insurance income tax credit, likely increasing the credit amount, broadening eligibility criteria, or extending it to more taxpayers. The bill was recently introduced and referred to the Tax Committee for consideration.
Long-term care costs represent a significant financial burden for aging Minnesotans and their families, with nursing home and in-home care expenses often exceeding $100,000 annually. Tax credits incentivize private insurance purchases, potentially reducing reliance on public programs like Medicaid while helping individuals plan for future care needs.
Compiled from official sources — confirm details with the bill’s official record.
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