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Homecare for Seniors Act

2/8/2022, 11:22 PM

Congressional Summary of S 3261

Homecare for Seniors Act

This bill allows tax-exempt distributions from health savings accounts (HSAs) to be used for qualified home care.

Qualified home care includes a contract to provide three or more of the following services in the residence of the service recipient

  • assistance with eating,
  • assistance with toileting,
  • assistance with transferring,
  • assistance with bathing,
  • assistance with dressing,
  • assistance with continence, and
  • medication adherence.

The Department of Health and Human Services must carry out a campaign to increase public awareness of the in-home service expenses that are eligible for tax-free distribution from HSAs.

Current Status of Bill S 3261

Bill S 3261 is currently in the status of Bill Introduced since February 10, 2020. Bill S 3261 was introduced during Congress 116 and was introduced to the Senate on February 10, 2020.  Bill S 3261's most recent activity was Read twice and referred to the Committee on Finance. as of February 10, 2020

Bipartisan Support of Bill S 3261

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
1
Democrat Cosponsors
1
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 3261

Primary Policy Focus

Taxation

Potential Impact Areas

- Aging
- Bank accounts, deposits, capital
- Health care costs and insurance
- Health promotion and preventive care
- Home and outpatient care
- Income tax exclusion

Alternate Title(s) of Bill S 3261

Homecare for Seniors Act
Homecare for Seniors Act
A bill to amend the Internal Revenue Code of 1986 to allow qualified distributions from health savings accounts for certain home care expenses.

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