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Tax relief for parental medical care: New HSA and FSA rules.

This Act allows citizens to use funds from Health Savings Accounts (HSA) and Flexible Spending Arrangements (FSA/HRA) to cover medical expenses for their parents or their spouse's parents. This means caregivers can use tax-advantaged money to finance the treatment of their loved ones. These changes will apply to expenses incurred after December 31, 2023, directly lowering caregiving costs for many families.
Key points
Expansion of HSA and Archer MSA use: These funds can now be used to cover medical expenses for parents (of the individual or their spouse), which was previously restricted.
Changes to Flexible Spending Arrangements (FSA) and Health Reimbursement Arrangements (HRA): Money in these accounts can also be used for parental medical care without being included in the taxpayer's gross income.
Financial benefit for caregivers: Allowing the use of tax-exempt funds for parental care reduces the real cost of treatment and provides financial support to caregivers.
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Expired
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Additional Information
Print number: 118_S_3254
Sponsor: Sen. Rosen, Jacky [D-NV]
Process start date: 2023-11-08
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Summarized by: gemini-flash-latest
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Lowering Costs for Caregivers Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_3254.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-11-08.

What are the main provisions?

Key points include:

  • Expansion of HSA and Archer MSA use: These funds can now be used to cover medical expenses for parents (of the individual or their spouse), which was previously restricted.
  • Changes to Flexible Spending Arrangements (FSA) and Health Reimbursement Arrangements (HRA): Money in these accounts can also be used for parental medical care without being included in the taxpayer's gross income.
  • Financial benefit for caregivers: Allowing the use of tax-exempt funds for parental care reduces the real cost of treatment and provides financial support to caregivers.
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 Sen. Rosen, Jacky [D-NV].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-30.

CATEGORIES

Taxes Health Family