arrow_back Back to App

Seniors' Savings Boost: HSA Contributions Allowed with Medicare Part A Only.

This bill aims to allow individuals over 65 who are only enrolled in Medicare Part A (hospital insurance) to continue contributing to their Health Savings Accounts (HSAs). Currently, having Medicare Part A alone prevents such contributions, which can be an issue for working seniors. This change is intended to help them save for future medical expenses.
Key points
Individuals over 65 with only Medicare Part A will be able to contribute to HSAs.
This change applies to tax years beginning after December 31, 2022.
The measure aims to assist working seniors in managing their healthcare finances.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_HR_2769
Sponsor: Rep. Latta, Robert E. [R-OH-5]
Process start date: 2023-04-20