NCCS Joins Coalition of Organizations Urging Congress to Extend the Medical Expense Deduction Permanently
The National Coalition for Cancer Survivorship (NCCS) joined with AARP and 47 other organizations in letters to the House and Senate asking Members to co-sponsor the Medical Expense Savings Act, which is bipartisan legislation that would make permanent the 7.5 percent threshold for the medical expense deduction. This deduction provides an important tax relief for many patients which helps offset the high costs of cancer care. Without action by Congress, the threshold will rise to 10% for 2019.
For more than 75 years, Americans with high health care costs have been able to deduct medical expenses from their taxes. For the millions of Americans who annually take this deduction, it provides important tax relief which helps offset the costs of acute and chronic medical conditions. This includes costs associated with long-term care, assisted living, and nursing homes.
…
Even for those people who are covered by Medicare, beneficiaries spend a large portion of their income on out-of-pocket expenses. The average Medicare beneficiary spends about $5,680 out-of-pocket on medical care.
Read the letters below or download the letter to Senators here and the letter to House Members here.
Coalition Letter Sent to Senators
Coalition Letter Sent to House Members
Read more NCCS Policy Comments »
Related Posts
https://canceradvocacy.org/blog/nccs-joins-aarp-opposing-medical-expense-deduction-repeal/
