The Homecare for Seniors Act would allow people to use money from their health savings accounts (HSAs) tax-free to pay for in-home care services, expanding what these accounts can currently cover. Specifically, the bill permits HSA distributions for "qualified home care" contracts that provide at least three of seven types of assistance—such as help with eating, bathing, dressing, toileting, transferring, medication management, or continence—delivered in a person's residence by a state-licensed provider or in compliance with state requirements. The bill applies to tax years beginning after its enactment and prohibits using this benefit for care from related family members to prevent abuse. Additionally, the bill requires the Department of Health and Human Services and Treasury Department to run a public awareness campaign so seniors and their families know they can use HSA funds for these in-home care expenses.
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