Catching Up Family Caregivers Act of 2024

10/3/2024, 9:38 AM

Catching Up Family Caregivers Act of 2024

This bill allows qualified family caregivers to make catch-up contributions to a retirement account for up to five years. A qualified family caregiver is an unemployed or severely underemployed adult who provides 500 hours or more of in-home care, monitoring, management, supervision, or treatment of an adult with special needs or a child during one tax year and has less than 500 hours of paid employment during the same tax year. 

Bill 118 HR 9764, also known as the Catching Up Family Caregivers Act of 2024, aims to provide support and resources for family caregivers who are often overlooked in the healthcare system. The bill recognizes the important role that family caregivers play in providing care for their loved ones and seeks to address the challenges they face.

The bill includes provisions to improve access to information and training for family caregivers, as well as to provide financial assistance to help offset the costs associated with caregiving. It also seeks to promote collaboration between healthcare providers and family caregivers to ensure that the needs of both the patient and the caregiver are met.

Additionally, the bill includes measures to address the impact of caregiving on the mental and physical health of family caregivers, including provisions for respite care and counseling services. It also aims to improve coordination between healthcare providers and community-based organizations to better support family caregivers. Overall, the Catching Up Family Caregivers Act of 2024 is a comprehensive piece of legislation that seeks to recognize and support the important work of family caregivers in the United States. It addresses the challenges they face and provides resources to help them continue to provide quality care for their loved ones.
Congress
118
Number
HR - 9764
Introduced on
2024-09-23
# Amendments
0
Sponsors
+5
Cosponsors
+5

Variations and Revisions

9/23/2024
Text
PDF
XML

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

Catching Up Family Caregivers Act of 2024

This bill allows qualified family caregivers to make catch-up contributions to a retirement account for up to five years. A qualified family caregiver is an unemployed or severely underemployed adult who provides 500 hours or more of in-home care, monitoring, management, supervision, or treatment of an adult with special needs or a child during one tax year and has less than 500 hours of paid employment during the same tax year. 

Bill 118 HR 9764, also known as the Catching Up Family Caregivers Act of 2024, aims to provide support and resources for family caregivers who are often overlooked in the healthcare system. The bill recognizes the important role that family caregivers play in providing care for their loved ones and seeks to address the challenges they face.

The bill includes provisions to improve access to information and training for family caregivers, as well as to provide financial assistance to help offset the costs associated with caregiving. It also seeks to promote collaboration between healthcare providers and family caregivers to ensure that the needs of both the patient and the caregiver are met.

Additionally, the bill includes measures to address the impact of caregiving on the mental and physical health of family caregivers, including provisions for respite care and counseling services. It also aims to improve coordination between healthcare providers and community-based organizations to better support family caregivers. Overall, the Catching Up Family Caregivers Act of 2024 is a comprehensive piece of legislation that seeks to recognize and support the important work of family caregivers in the United States. It addresses the challenges they face and provides resources to help them continue to provide quality care for their loved ones.
Alternative Names
Official Title as IntroducedTo amend the Internal Revenue Code of 1986 to allow additional catch-up contributions for certain family caregivers.

Comments

Recent Activity

Latest Summary12/3/2024

Catching Up Family Caregivers Act of 2024

This bill allows qualified family caregivers to make catch-up contributions to a retirement account for up to five years. A qualified family caregiver is an unemployed or se...

Latest Action9/23/2024
Referred to the House Committee on Ways and Means.