H.R. 10072: Hardworking Seniors Act

This bill would change federal tax rules so that people who are entitled to Medicare Part A because of their age could still contribute to a health savings account (HSA).

What changes under current law

Under current rules, most people cannot add new money to an HSA once they are enrolled in Medicare Part A. This bill would create an exception for people who qualify for Medicare Part A by reaching the required age.

What the bill would do

• It would let older adults who have Medicare Part A based on age continue making HSA contributions.
• It would update related tax rules so that health insurance purchased with HSA funds is treated consistently under the new rule.
• It would adjust the penalty rules for HSA withdrawals so they work properly with the new eligibility change.
• It would make a conforming change in the tax code to reflect that this Medicare Part A status does not automatically disqualify someone from HSA contributions under the new rule.

When it would take effect

The changes would apply starting with months after December 31, 2026, for taxable years ending after that date.

Practical effect

In plain terms, the bill would allow many older people on Medicare to keep using an HSA to save money for medical expenses, instead of having to stop contributions once they become eligible for Medicare Part A. The bill does not change Medicare coverage itself; it changes whether those people can keep putting money into an HSA under federal tax law.

Relevant Companies

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