Argentum's Silver PAC hosted a reception this week attended by nearly two-dozen members of Congress, offering a forum to meet Silver PAC contributors and share ideas on solving the workforce and affordability challenges in senior living.
Among the discussions included ideas on how to make senior living more affordable by working within the tax code, by allowing HSAs, FSAs, and other tax-advantaged savings accounts to be used to pay for long-term care expenses without a penalty, either for the individual or for a family member accessing services. Lawmakers also suggested ideas with long-term care insurance and life insurance.
Lawmakers also shared their interest in addressing the workforce needs across long-term care, with a need to recruit and retain more than 20 million workers by the year 2040. Argentum has already advanced language through the appropriations process to utilize existing federal workforce funding for senior caregiver programs. Lawmakers also expressed concerns about the nursing home staffing mandate and its unintended consequence of pulling workers from assisted living.
Lawmakers attending the event included:
Argentum sincerely appreciates the support of Silver PAC contributors, whose support has helped make this event possible and our ongoing relationships with lawmakers who are our advocates on Capitol Hill.
Silver PAC is Argentum’s primary, bi-partisan tool for directly supporting lawmakers who shape the policy landscape and champion issues of importance for the senior living community. Through political contributions made from Silver PAC, the Argentum Public Policy team and Argentum members can gain access to leading lawmakers at the federal and state level to educate them about the senior living industry and influence legislation that affects senior living providers. To learn more about how you can support Silver PAC, click here.