Washington, DC: Congressman Tom Suozzi has announced the introduction of the Planning for Long-term Aging Needs (PLAN) Act, designed to assist aging adults in developing long-term care plans. The bill, co-led by Rep Aaron Bean, aims to educate families on the importance of planning for long-term care to avoid financial crises.
The PLAN Act complements Suozzi's Well-Being Insurance for Seniors to be at Home (WISH) Act, which creates a federal catastrophic long-term care insurance program coupled with a robust private sector insurance market.
Suozzi (D–Long Island, Queens) said it is time to ensure that the future generations have the tools they need to age with dignity. “More than 70% of American seniors will require some form of long-term care during their lifetime, but most don’t plan for it while they’re still working. This commonsense bill helps impress upon American families the importance of planning ahead and averting financial crises instead of compromising on quality care for their loved ones,” Suozzi said.
The PLAN Act addresses this problem by working with the Department of Health and Human Services to create a public education campaign to encourage families and working-age adults to plan ahead for their long-term care needs during retirement.
Congressman Bean said that the "bill will help empower individuals to plan ahead and make informed decisions that work best for themselves and their families".
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A bipartisan push to make life more affordable for new parents Suozzi also introduced the bipartisan Supporting Newborn Parents Act of 2026 last week, which creates a newborn tax credit to help ease the financial burden of working parents welcoming newborn children. This commonsense bill, led alongside Representatives David Valadao, Debbie Dingell, and Blake Moore, provides immediate, practical relief to families bearing the sudden, high costs of caring for a newborn. “At a time when so many Americans are struggling with the rising cost of living, this bipartisan bill will support young families and provide immediate, practical relief to working parents as they handle those critical first expenses," Suozzi said. The Supporting Newborn Parents Act of 2026 creates a $2,000 standalone tax credit for working families welcoming a newborn child, included in their annual tax refund or as an advance payment shortly after a child is born. |
