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Topictax credit
ContentGive a tax credit (as some states already have in place) for premiums paid for long term care insurance, up to $3000.00 per year on their state income tax forms. This would provide incentive for more people to take out long term insurance, which would save the state of Oklahoma millions of dollars every year in medicaid costs and other unreimbursable costs to the state. Strictly supervise the insurance companies which sell this type of insurance to insure that those who are insured are receiving a true benefit. I have submitted this idea as a member of the Oklahoma Silver Haired Legislature and it was one of the top ten ideas. There are are other states that have already implemented this idea that helps both its older citizens and the state as well.
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