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New Bill Would Allow HSA Use for Home Care Services

Posted on Tuesday, September 25, 2018 5:32 PM

Earlier this month, the Homecare for Seniors Act was introduced in the House of Representatives.  The bill would allow tax-free distributions from health savings accounts to be used to pay for home health care services. 

“Traditional government health care programs and our current system of institutional care cannot meet the needs of the tens of millions of elderly Americans who will require some form of assistance,” according to an HCAOA press release. “This is a common-sense way to improve access to the care many need to help them stay in their home for as long as possible and avoid institutionalized care.”

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