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New Retirement Medical Account Proposal Would Create Tax Shelter, Swell Deficits
Center on Budget and Policy PrioritiesLink to more items from this source
[Opinion]
July 23, 2004
Excerpt: In a major health policy address on July 12, Senate Majority Leader Bill Frist promoted a proposal to create new, tax-advantaged 'Lifetime Health IRAs.' Also known as Retirement Medical Benefit Accounts (RMBAs), these accounts are intended to encourage financial security for retirees by helping them pay for long-term care costs and other health care expenses.

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