People could use health accounts for their parents’ medical care

People would be allowed to use these medical savings accounts for a parent’s medical care. This provision covers health savings accounts and Archer medical savings accounts. The parent could be the account holder’s parent or their spouse’s parent. This provision would apply to amounts paid after December 31, 2024.

Workplace health spending arrangements could allow payments for parents’ medical care without making those amounts taxable income. This provision covers health flexible spending arrangements and health reimbursement arrangements offered through work. The arrangement would have to allow this use; the bill would not require it. The parent could be the worker’s parent or their spouse’s parent. This provision would apply to expenses incurred after December 31, 2024.