Long Term Care Discussion Group
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The Long Term Care Discussion Group

A voluntary independent group that meets solely for the purpose
of educating the policy community on all facets of long term care

Wednesday March 28, 2018
11:00 am - 12:00 pm

America’s Health Insurance Plans (AHIP)
601 Pennsylvania Avenue NW
South Building, Suite 500

What the New Tax Law Means for Long Term Care?

Speakers: Randy Hardock and Craig Springfield

DIAL IN: 866-396-1316
Code: 202-778-3202

The Tax Cuts and Jobs Act was signed into law on December 22, 2017. This tax reform bill is the most sweeping rewrite of the tax code in more than 30 years. The House and Senate Conference Committee described this $1.5 trillion tax bill as “overhauling America’s tax code to deliver historic tax relief for workers, families and job creators, and revitalize our nation’s economy.”

The new tax law includes major revisions to the U.S. tax code for both individuals and corporations, including new tax brackets, modified deductions and credits, corporate tax changes, the repeal of the Affordable Care Act’s (ACA) individual mandate penalty tax and more. But what does this mean for the long term care industry? At this meeting, tax experts Randy Hardock and Craig Springfield of Davis and Harman LLP will talk about the specific changes that affect long term care services and supports, long term care insurance, providers and consumers.

Randy Hardock, is a partner at Davis and Harman. He concentrates on tax and ERISA matters in the legislative and regulatory arenas. He advises employers, financial institutions, and trade associations on a broad range of issues—including retirement, health care, education savings, long term care, annuities and other insurance products, assisted living and other seniors housing, executive compensation and employment taxes. Prior to joining Davis & Harman, Mr. Hardock served as the Benefits Tax Counsel in the Office of Tax Policy at the U.S. Department of the Treasury where he was responsible for all tax issues involving retirement savings and executive compensation, health and long term care insurance, Social Security, Medicare, and unemployment insurance. Mr. Hardock was also Tax Counsel to the U.S. Senate Committee on Finance. Mr. Hardock is a nationally known speaker and author and is frequently quoted in national and trade publications.

Craig Springfield is a partner with Davis & Harman. He specializes in insurance company and product taxation and working generally on federal tax matters. He practices extensively in the areas of annuity, life insurance, and long term care insurance product taxation, including with respect to variable insurance products. In addition, he works extensively with the National Office of the Internal Revenue Service and the Department of the Treasury to address tax compliance-related issues. He has worked on various legislative matters, e.g., the tax treatment of combination insurance products and the Medicaid rules governing qualified State long term care insurance partnerships. Craig is a frequent speaker and author on long term care and tax-related issues. Craig is a former Chair of the ABA Tax Section, Committee on Insurance Companies.

RSVP to ltcdiscussiongroup@gmail.com. Please indicate whether you will attend by phone or in person.
For those participating by telephone, the meeting materials (once available) will be posted at: http://www.ltcdiscussiongroup.org on the ARCHIVES page.
Telephone dial-in information is provided above and can also be found at www.ltcdiscussiongroup.org on the SAVE THE DATE page.

Long Term Care Discussion Group Co-Chairs:
Susan Coronel, John Cutler, Melissa Favreault, Wendy Fox-Grage,
Ruth Katz and Eileen J. Tell

Long Term Care Discussion Group meetings are intended as forums for candid discussion. Dialogue and comments made during these meetings should be treated as off the record.

For more information about the Long Term Care Discussion Group, and to access materials and information from previous meetings, visit www.ltcdiscussiongroup.org

*The LTC Discussion Group is pleased to introduce our new co-chairs: Melissa Favreault from the Urban Institute, Wendy Fox-Grage with AARP’s Public Policy Institute, and Ruth Katz with LeadingAge.

We are grateful to Jill Randolph and Hunter McKay for their tenure with the LTC Discussion Group and thank them for their dedication and support.
Long Term Care Discussion Group
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