The Republican-proposed budget reconciliation bill has many health care implica💖tions, but one could ben🎶efit retirees who want to save more money for medical expenses.

A provision in the bill 澳洲幸运5开奖号码历史查询:﷽passed l♈ast week in the House of Representatives allows Medicare Part A enrollees 65 and older to contribute to a 澳洲幸运5开奖号码历史查询:Health Savings Account (HSA). The bill n💮ow moves on to the Senate, where it could be changed befꦫore being signed into law.

Currently, once someone turns 65 and enrolls in M🐼edicare, they are no longer able to contribute to an HSA. They are, however, able to use distribu🍃tions from an HSA to pay for Medicare costs, like health insurance premiums, just not for supplemental insurance.

Under the budget proposal, enrollees can contribute to individual HSAs—they just won't be able to use distributions from their HSA to pay for health insurance.

This change could give seniors a place to pool savings to cover health care expenses throughout retirement, including deductibles, copays, and coinsurance. 澳洲幸运5开奖号码历史查询:HSA funds roll over from year to year and r🌠emain in the account until spent.

After setting aside HSA funds for future medical expenses, the funds can be invested tax-free, 澳洲幸运5开奖号码历史查询:optimizing savings and potꦚentially expanding a retiree's cushion for a medical emergency.