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AMAC Supports the Health Savings for Seniors Act

seniors elitist threat republic conservatives sound alarm spending deal FISA spying Clinton funded dossier seniors medical testing AMAC town hall swing steele dossier socialist revolution looming AMAC congressSeptember 14, 2019

The Honorable Ami Bera
California 7th Congressional District
United States House of Representatives
1727 Longworth House Office Building
Washington, DC 20515

The Honorable Jason Smith
Missouri 8th Congressional District
United States House of Representatives
2418 Rayburn House Office Building
Washington, DC 20515

Dear Congressmen Bera and Smith,

On behalf of the Association of Mature American Citizens, representing nearly 2 million seniors across the country, we write in support of the Health Savings for Seniors Act, H.R. 3796. Allowing seniors to make contributions to Health Saving Accounts (HSA) after enrolling in Medicare will make it easier for seniors to pay for healthcare items such as prescription drug copay, vision exams, and over-the-counter healthcare expenses. Fidelity Investments estimates the average Medicare-enrolled senior pays about $5,000 in after-tax income on expenses not covered by Medicare.

Under current law Americans are forced to stop building their Health Saving Accounts at age 65. This restriction is unfortunate for many seniors since Medicare does not cover necessities like dental, hearing-aids, and vision care. Allowing seniors to continue to contribute to Health Saving Accounts will help them handle these out-of-pocket expenses using before-tax dollars. Unexpected health expenses often put seniors on fixed incomes in a vulnerable financial state. Seniors having the eligibility of tax-deductible benefits can make a significant difference in a retiree’s standard of living by providing financial security.

The Association of Mature American Citizens strongly supports the bipartisan efforts by Representatives Ami Bera (CA-07) and Jason Smith (MO-08) to help seniors by introducing the Health Savings for Seniors Act. Seniors deserve to reap the full benefits of their hard work from life-long contributions to their Health Saving Accounts. This legislation provides a commonsense solution which will help Americans better manage their health throughout retirement.

Sincerely,

Dan Weber President and Founder of AMAC

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Sally Haessig

I absolutely agree that seniors should also be able to have an HSA. It is a tax break which ends when we retire which doesn’t make any sense to me.

Steve

I have medicare supplemental and would like to be able to use an HSA ( as I still work ) to make the required monthly supplemental payments.