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Home Care for Seniors Act Could Be on the Move in Congress

6/8/2022

1 Comment

 
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The Home Care for Seniors Act (H.R. 2898/S. 1399), which would allow tax-exempt distributions from health savings accounts (HSAs) to be used for qualified home care, will cost an estimated $202 million over the next 10 years. The cost, or “score,” is determined by the Congressional Budget Office (CBO), which estimates the impact of proposed legislation on the federal budget.
 
“The fact that the Home Care for Seniors Act has received a score from the CBO is a good sign – it could signal that the bill may begin moving through Congress on its way toward passage,” said HCAOA CEO Vicki Hoak. “HCAOA supports this bill, and all proposals that expand access to home-based care for seniors and people with disabilities.”


HSAs are tax-advantaged medical savings accounts available to taxpayers enrolled in a high-deductible health plan. HSA contributions are not subject to federal income tax at the time of deposit. Unlike a flexible spending account (FSA), HSA funds roll over annually if they are not spent. HSA funds may currently be used to pay for qualified medical expenses at any time without federal tax liability or penalty.
 
Speak up! Let your members of Congress know that you want them to move this bill! Click here to send a pre-written message to your Senators and Representatives.
1 Comment
Phyllis Pieri link
6/13/2022 03:09:18 pm

Please pass H.R. 2898/S. 1399

Reply



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  • Membership Resources
    • Member Login
    • Code of Conduct
    • Resources
    • Newsletters
    • Product & Services Guide
    • Join HCAOA
    • Benefits: Agency Membership
    • Benefits: Associate Membership
  • State Chapters
    • Alabama
    • Arizona
    • California
    • Connecticut
    • Florida
    • Georgia
    • Illinois
    • Michigan
    • New Jersey
    • New York
    • Ohio
    • South Carolina
    • Virginia
    • Washington
    • West Virginia
    • Wisconsin
  • Education/Events
    • Calendar
    • National Home Care Conference >
      • 2023 Call for Speakers
  • Advocacy/Policy
    • Bring the Vote Home
    • Advocacy Fund
    • State of Home Care: Industry at Crossroads
    • Home Care Workforce Action Alliance
    • Caring for Seniors: Value of Home Care
    • Home Care by the Numbers
    • Issues & Positions
    • Legislative Action Network
    • State Legislation Tracker
    • Federal Legislation Tracker
  • About HCAOA
    • Mission & Vision
    • Board of Directors
    • Staff
    • Caregiver of the Year Award
    • News Releases
    • Advertising & Marketing
    • The Voice
    • Contact Us
  • Find a Job