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Dear FreedomWorks member,
As one of our million-plus FreedomWorks members nationwide, I urge you to contact your representative and ask him or her to cosponsor H.R. 3819, the Health Freedom for Seniors Act. Introduced by Rep. Bill Huizenga (R-MI), the bill would allow seniors currently forced to take required Minimum Distributions from their retirement accounts (IRA, 401 (k)s, etc.) to instead roll that amount tax-free into an existing Health Savings Account. The Health Freedom for Seniors Act will expand the use of HSAs and increase an individual’s power over their own health care decisions.
Seniors must have more freedom to control their own health care decisions. Under current law, those who reach age 70 and one-half are forced to begin making “required minimum distributions” (RMDs) from IRAs and 401(k) plans. Anyone eligible for Medicare is not permitted to establish an HSA. The Health Freedom for Seniors Act would change this to allow seniors to be able to roll tax-advantaged savings account balances between different types of accounts.
One size does not fit all in health care. Seniors should be permitted to rollover their RMDs into an HSA. The Health Freedom for Seniors Act would give seniors more options while saving taxpayers’ money. HSAs let consumers control more of their health care decisions. It allows Americans to save tax-free dollars to pay for medical expenses and save for future health care costs. The accounts save money because high-deductible insurance is less expensive than low-deductible insurance.
Seniors should be eligible to enroll in an HSA. This bill would give seniors more freedom while savings taxpayers money. I urge you to contact your representative and ask him or her to cosponsor H.R. 3819, the Health Freedom for Seniors Act today.
President and CEO
[Click here for a PDF version of this letter.]