WeVote
Log In

Bill

Bill

SB 683

Relating to: an appropriation for refundable long-term care insurance assessment credits and making an appropriation. (FE)

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

Wisconsin bill creates refundable tax credits to subsidize long-term care insurance purchases, shifting future care costs from state Medicaid to private insurers and individuals.

Failed to pass pursuant to Senate Joint Resolution 1
0
WeVote Research Nonpartisan
Bill Summary · SB 683

Legislative bill overview

SB 683 appropriates state funds to provide refundable tax credits for Wisconsin residents who purchase long-term care insurance. The bill aims to incentivize private long-term care insurance coverage by making it more financially accessible through direct tax credits rather than traditional tax deductions.

Why is this important

Long-term care costs can devastate household finances, with nursing home and in-home care expenses reaching tens of thousands annually. By subsidizing private insurance premiums through refundable credits, Wisconsin would shift some long-term care costs from individuals and Medicaid to private insurers, potentially reducing future state spending on long-term care programs while giving residents more planning options.

Potential points of contention

  • Cost and fiscal impact: The appropriation amount and long-term budgetary implications are unclear; critics may question whether subsidizing private insurance is cost-effective compared to other long-term care solutions
  • Equity concerns: Refundable credits may primarily benefit middle and upper-income residents who can afford insurance premiums; lower-income residents may still rely on Medicaid regardless of the credit
  • Insurance market assumptions: The bill assumes residents will purchase long-term care insurance if credits are available, but declining enrollment in this market sector suggests affordability may not be the only barrier

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

Sign in to ask a question.