Bill > HR4180

This bill allows individuals to move funds from their Health Savings Accounts (HSAs) into Medicare Advantage Medical Savings Accounts (MSAs). HSAs are tax-advantaged savings accounts used for qualified medical expenses, and Medicare Advantage MSAs are similar accounts specifically for individuals enrolled in Medicare Advantage plans. The bill amends existing tax law to permit these rollovers, meaning money saved in an HSA can be transferred to a Medicare Advantage MSA, provided the transfer is completed within 60 days of receiving the funds from the HSA. This provision aims to provide greater flexibility for individuals managing their healthcare costs as they transition to Medicare.