Omnibus Long-term Care Act of 2000

[AI summary unavailable — showing source text] Omnibus Long-term Care Act of 2000 - Amends the Employee Retirement Income Security Act of 1974 (ERISA), the Internal Revenue Code (IRC), the Older Americans Act of 1965 (OAA), the Public Health Service Act (PHSA), and the Social Security Act (SSA) with respect to long-term health care. Title I: Long Term Care - Subtitle A: Tax Incentives - Amends IRC to allow an additional itemized deduction for a certain percentage of the amount of eligible long-term care premiums paid during the taxable year for coverage for the taxpayer, spouse, and dependents under a qualified long-term care insurance contract. Sets forth special rules for individuals who have attained age 55. Adds contingent nonforfeiture requirements to specified insurance model regulations under IRC. Allows long-term care insurance to be offered under: (1) cafeteria plans, for purposes of IRC definition of qualified benefits; and (2) flexible spending arrangements, for purposes of IRC provisions relating to employer contributions to accident and health plans. (Sec. 102) Allows a nonrefundable personal credit for taxpayers who are eligible caregivers for individuals with long-term care needs. Sets forth: (1) limitations base…