Doctor medical and healthcare concept

On Monday, U.S. Sens. Cory Gardner and Kyrsten Sinema, D-Ariz., introduced a bill to let senior citizens use money from tax-free health savings accounts to pay for some home healthcare expenses.

“Current law keeps seniors from being able to use the money they have saved in a health savings account to access homecare services,” Gardner said. “Without homecare support, seniors can be forced to decide to move into a more restrictive, expensive setting."

A corresponding bill in the U.S. House of Representatives was introduced in May 2019 and is awaiting a committee hearing.

The proposal would allow HSA money to pay for home healthcare if at least three of the following assistance services are provided: eating, toileting, transferring, bathing, dressing, continence and medication adherence.

America's Health Insurance Plans, which represents insurance companies, estimated that 22 million Americans have an HSA. “The increase in popularity of these plans tells an important story about consumer-centric care,” said Jeanette Thornton, AHIP’s senior vice president. The association generally supports additional flexibility in spending for those with savings accounts.

The Senate bill has the endorsement of multiple home care and hospice organizations.

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.