Lowering Costs for Caregivers Act of 2025
This bill expands tax-advantaged health accounts to cover medical expenses for parents. It modifies federal tax rules for Health Savings Accounts (HSAs), Flexible Spending Accounts (FSAs), and Archer MSAs, allowing adult children to use these accounts to pay for their parents' medical care without triggering tax penalties. Specifically, it adds parents to the list of eligible family members under existing IRS definitions. The changes apply to expenses incurred after December 31, 2025, directly benefiting caregivers who pay for their aging parents' healthcare costs.
Bill status
in committee
1 of 4 stages cleared
Introduction
May 2025
Committee Review
Floor Vote
President
Introduced May 1, 2025
Last action May 1, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
May 1, 2025
Committee
Read twice and referred to the Committee on Finance.
upper
May 1, 2025
Introduced
Introduced in Senate
upper
1 primary · 4 co-sponsors
Sponsors
Ask Maddy
·
AI policy assistant
Ask Maddy about S 1565
Scope: US
Hi! I can help you understand S 1565. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline