Public Safety Retirees Healthcare Protection Act of 2023

Public Safety Retirees Healthcare Protection Act of 2023

This bill amends the Internal Revenue Code to increase from $3,000 to $6,000 the amount excludible from the gross income of public safety officers for distributions from governmental retirement plans for health and long-term care insurance.

Bill 118 HR 957, also known as the Public Safety Retirees Healthcare Protection Act of 2023, aims to provide healthcare protection for public safety retirees. The bill specifically focuses on ensuring that retired public safety officers, such as police officers, firefighters, and emergency medical technicians, have access to affordable healthcare coverage.

The bill includes provisions that would establish a program to provide subsidies for healthcare coverage for eligible public safety retirees. These subsidies would help offset the costs of healthcare premiums and out-of-pocket expenses, making it easier for retirees to afford necessary medical care.

Additionally, the bill includes measures to improve the quality of healthcare coverage available to public safety retirees. This includes requirements for insurance providers to offer comprehensive coverage options that meet the unique needs of retired public safety officers. Overall, the Public Safety Retirees Healthcare Protection Act of 2023 aims to ensure that those who have dedicated their careers to protecting and serving their communities have access to the healthcare coverage they need in retirement. The bill is currently under consideration in Congress and has garnered bipartisan support for its efforts to support our nation's public safety retirees.