CARE Act of 2005
Summary
The Caregiver Assistance and Relief Effort (CARE) Act of 2005 was designed to provide financial and logistical support to individuals caring for elderly or disabled family members. The bill proposed increasing federal funding for caregiver support programs, including those specifically for Native American communities, and introduced new tax benefits to help offset the costs of long-term care. Specifically, it sought to establish a tax credit for family caregivers, allow for the deduction of long-term care insurance premiums, and implement stronger consumer protections for insurance policies.
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