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Bill

SB 684

Relating to: a long-term care insurance assessment and a long-term care insurance assessment tax credit. (FE)

2025-2026 Regular Session Introduced by Kristin Dassler-Alfheim and 2 co-sponsors

Wisconsin establishes long-term care insurance assessment and tax credit to fund elder care services while providing financial incentives for qualifying insurance purchases.

Failed to pass pursuant to Senate Joint Resolution 1
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WeVote Research Nonpartisan
Bill Summary · SB 684

Legislative bill overview

SB 684 establishes a long-term care insurance assessment and creates a corresponding tax credit for Wisconsin residents. The bill appears designed to fund long-term care services through an assessment mechanism while providing tax relief to offset costs for those purchasing qualifying long-term care insurance policies.

Why is this important

Long-term care is a significant financial burden for individuals and families, with nursing home and in-home care costs frequently exceeding $100,000 annually. This legislation attempts to address affordability and accessibility of long-term care planning while creating a sustainable funding mechanism, which affects healthcare financing strategy across the state.

Potential points of contention

  • Assessment burden and regressivity: Long-term care assessments may disproportionately affect lower-income individuals who cannot afford private long-term care insurance, raising fairness concerns about who bears the financial responsibility.
  • Tax credit adequacy: Whether the tax credit sufficiently offsets the assessment for middle and lower-income earners, or if it primarily benefits higher-income taxpayers who can afford comprehensive policies.
  • Insurance market impact: The assessment structure could influence insurance pricing, availability, and underwriting practices, potentially limiting options for individuals with pre-existing conditions or health risks.

Compiled from official sources — confirm details with the bill’s official record.

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