Let seniors keep their Health Saving Accounts (HSAs) — before it’s too late

American Thinker ^ | 07/04/2025 | Chuck Muth

[SeekAndFind]

Today, the Big, Beautiful Bill will become law once President Donald J. Trump puts ink to paper at a big, beautiful signing ceremony in Iowa. Despite opposition from every Democrat in Congress, the House and Senate enacted critical measures to benefit millions of blue-collar workers and their families. It’s another promise from the campaign trail that has become a reality.

[SNIP]

Perhaps nowhere is the gap between reality and rhetoric clearer than in the bill’s efforts to reform America’s out-of-control health care system. Because the bill eliminates wasteful and ineffective Obamacare programs, creates a work requirement for some programs, and blocks access to taxpayer-funded health benefits for illegal aliens, Mr. Jefferies and his cohorts argue that people will “die unnecessary deaths.” Nothing could be farther from the truth.

The legislation included multiple provisions that expand the use of Health Savings Accounts (HSAs). Health Savings Accounts are a personal savings account you can set up to pay certain health care costs. Tax-free contributions can be made to these accounts both by individuals and employers. Nearly 40 million Americans use these accounts to pay for medical expenses, and that number would be significantly higher if a preposterous prohibition weren’t in place.

Currently, federal law prohibits individuals enrolled in Medicare from contributing to HSAs or receiving employer contributions. That means seniors who start collecting Social Security lose access to these valuable savings accounts, even if they’re still working and their employers are willing to contribute monthly to their HSA accounts at no cost.

The House version of the bill took a crucial step toward protecting Medicare’s financial future by reforming the law so that seniors who receive Social Security benefits can accept free HSA contributions from their employers. This commonsense reform would protect taxpayers by reducing seniors’ reliance on costly, taxpayer-funded government programs...

[Carry_Okie]

Useful post, thank you.

[Governor Dinwiddie]

When I was working, HSA would have been a big help. They weren't available then. Only FSA. Which sucks. FSA is not for your benefit, it's for the benefit of vendors' of health services. It's "use it or lose it", and doesn't roll over.

HSA allows the prudent person to budget his money tax free for unforeseen health events. It rolls over year to year, unlike FSA.

[trad_anglican]

Not a bad first step, but the answer is universal HSAs.

[gnickgnack2]

I had to enroll in Medicare when I started SS, but since I’m working, I don’t use Medicare and can contribute to HSA with my employer.