This bill allows seniors who are only enrolled in Medicare Part A to put money into health savings accounts. This change helps them save for healthcare expenses.
If you are a senior enrolled only in Medicare Part A, you can start saving money for healthcare expenses in a health savings account.
Who this affects
Seniors over 65 · Medicare Part A enrollees
What changes is this bill making?
1This bill lets seniors over 65 enrolled only in Medicare Part A contribute to health savings accounts.
2Currently, these seniors cannot add money to their health savings accounts.
3The change aims to help seniors manage their healthcare costs more effectively.
4The new rule would start for tax years beginning after December 31, 2024.
