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US HR5563

US HR5563
Stop Penalizing Working Seniors Act


summary

Introduced
10/12/2021
In Committee
10/12/2021
Crossed Over
Passed
Dead
01/03/2023

Introduced Session

117th Congress

Bill Summary

A BILL To amend the Internal Revenue Code of 1986 to allow indi- viduals only enrolled in Medicare Part A to contribute to health savings accounts.

AI Summary

This bill, known as the "Stop Penalizing Working Seniors Act," aims to amend the Internal Revenue Code to allow individuals who are only enrolled in Medicare Part A (the hospital insurance portion of Medicare) to contribute to Health Savings Accounts (HSAs). Under the current law, individuals who are enrolled in any part of Medicare are not eligible to contribute to an HSA. This bill seeks to change that, enabling seniors who have only Part A coverage to continue contributing to an HSA, even after they turn 65 and become eligible for Medicare.

Committee Categories

Budget and Finance, Health and Social Services

Sponsors (1)

Last Action

Referred to the Subcommittee on Health. (on 10/12/2021)

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