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Seniors' Health Savings: Medicare Part A Only Allows HSA Contributions.

This bill allows individuals over 65 who are only enrolled in Medicare Part A to continue contributing to their health savings accounts (HSAs). This means that seniors who are still working and have Medicare Part A will no longer be penalized for saving for future medical expenses. These changes apply to taxable years beginning after December 31, 2020.
Key points
Individuals over 65 with only Medicare Part A can contribute to HSAs.
Facilitates health savings for working seniors.
Changes are effective for tax years starting after December 31, 2020.
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Additional Information
Print number: 117_HR_5563
Sponsor: Rep. Latta, Robert E. [R-OH-5]
Process start date: 2021-10-12
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Stop Penalizing Working Seniors Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_5563.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-10-12.

What are the main provisions?

Key points include:

  • Individuals over 65 with only Medicare Part A can contribute to HSAs.
  • Facilitates health savings for working seniors.
  • Changes are effective for tax years starting after December 31, 2020.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Latta, Robert E. [R-OH-5].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Health.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

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