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Seniors' Security Act of 2000

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1411-1413)

Official summary

Version 00 · Introduced in Senate · Mar 9, 2000

Seniors' Security Act of 2000 - Amends the Internal Revenue Code to allow a 100 percent deduction for amounts paid for any Medicare supplemental policy which contains an outpatient prescription drug benefit with an annual actuarial value that is equal to or greater than $500, any Medicare-plus-Choice plan which contains an outpatient prescription drug benefit with an annual actuarial value that is equal to or greater than $500, and any coverage limited to qualified long- term care services or any qualified long-term care insurance contract. Provides for the establishment of procedures to determine the annual actuarial value of drug benefits under such plans and policies.Includes qualified long-term care insurance contracts in cafeteria and flexible spending arrangements.Amends title XVIII (Medicare) of the Social Security Act to permit the modification of standards so as to provide for additional Medigap policies.

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Who introduced it

Sen. Craig, Larry E. [R-ID] · R–ID

Committees

  • Finance Committee
0 cosponsorship records, including any withdrawals

    Actions

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    1. Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1411-1413)

    2. Sponsor introductory remarks on measure. (CR S1411)

    3. Introduced in Senate

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    Source last updated: Aug 20, 2025. Consult Congress.gov for the current record.

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