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Caregiver Relief Act: Using Health Accounts for Parents' Medical Costs

This legislation expands the use of tax-advantaged health accounts (HSAs, FSAs, HRAs) to cover medical expenses for the taxpayer's parents or the spouse's parents. This change allows family caregivers to use pre-tax funds from these accounts for their parents' healthcare, significantly reducing the financial burden associated with elder care. The goal is to lower out-of-pocket costs for those supporting aging family members.
Key points
Health Savings Accounts (HSAs) and Archer MSAs can now cover medical expenses for the taxpayer's parents or spouse's parents.
Flexible Spending Arrangements (FSAs) and Health Reimbursement Arrangements (HRAs) can also be used for these parental medical costs without triggering income tax.
The changes apply to amounts paid or expenses incurred after December 31, 2024.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_138
Sponsor: Rep. Buchanan, Vern [R-FL-16]
Process start date: 2025-01-03
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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 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_138.

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 2025-01-03.

What are the main provisions?

Key points include:

  • Health Savings Accounts (HSAs) and Archer MSAs can now cover medical expenses for the taxpayer's parents or spouse's parents.
  • Flexible Spending Arrangements (FSAs) and Health Reimbursement Arrangements (HRAs) can also be used for these parental medical costs without triggering income tax.
  • The changes apply to amounts paid or expenses incurred after December 31, 2024.
What is the specific legal status?

The current status is Introduced.

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. Buchanan, Vern [R-FL-16].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Taxes Health Family