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Seniors stand to benefit with legislation moving through a key House committee
The House Ways and Means Committee is the origin in Congress of all bills related to taxes. In addition bills that touch Social Security and Medicare begin with hearings here. This past week, the Committee approved a package of 11 bills aimed at expanding consumer-directed health care and lowering premiums, including the use of health savings accounts (HSAs). Among the notable provisions for seniors is one in particular that would allow individuals entitled to Medicare Part A (all those age 65 and older) to contribute to an HSA. Next step is a vote by the full House of Representatives and then consideration by the Senate. Read more…
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