Rep. Fischbach Introduces the Hardworking Seniors Act

Washington, DC - This week, Congresswoman Michelle Fischbach (MN-07) introduced the Hardworking Seniors Act to allow our seniors to continue contributing to Health Savings Accounts (HSAs) while covered under Medicare Part A. "Hardworking seniors are currently barred from contributing to tax-advantaged Health Savings Accounts just because they are receiving Medicare," said Rep. Fischbach . "I am excited to introduce the Hardworking Seniors Act to help America's working seniors continue to make these contributions and receive the tax benefits that go with them." The Hardworking Seniors Act received support from several outside organizations: A letter of support from the Employers Council on Flexible Compensation (ECFC) stated, "Allowing HSA contributions for working seniors would give them a flexible, tax advantaged tool to prepare for these costs, strengthening the financial security and reducing the long term burden on those with fixed incomes. ECFC supports your introduction of legislation to allow working senior to continue to have access to HSAs." "Thank you very much for introducing the important, hardworking seniors legislation to allow working seniors of large employers with qualifying High Deductible Health Plans to contribute to a Health Savings Account while on their employer's health plan," said Daniel Perrin, Founder of HSA Coalition. "This is a key step forward to allowing those on public health plans to be eligible for a Health Savings Account."