Bill · S. 1565· Senate(119-S-1565)
Lowering Costs for Caregivers Act of 2025
- Introduced
- 5/1/2025
- Last activity
- 5/1/2025 — Read twice and referred to the Committee on Finance.
- Sponsored by
- Jacky Rosen
- Cosponsors
- - 1 - 3
- Introduced
- In Committee
What this bill would do
The Lowering Costs for Caregivers Act of 2025 seeks to amend the Internal Revenue Code of 1986. The bill proposes to allow expenses for a taxpayer's parent or a spouse's parent to be treated as medical expenses. This change would apply to Health Savings Accounts, Flexible Spending Arrangements, Health Reimbursement Arrangements, and Archer MSAs. These amendments are intended to address how medical care for parents is handled for tax purposes. The changes would take effect after December 31, 2025.
Yes· 3 of 4
Would people over 65 be better off under this?+5
The bill makes it easier for caregivers to pay for the medical expenses of their elderly parents using tax-advantaged accounts.
Would retired people be better off under this?+5
The bill indirectly benefits retirees by allowing their children to use tax-advantaged health accounts to cover their medical care.
Would middle-income households be better off under this?+4
The bill provides tax advantages for those managing the healthcare costs of their aging parents.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
-
Health Savings Accounts: This provision allows parents of the individual or the spouse to be included in the scope of medical expenses, which may provide financial relief for those caring for aging parents. Section 2
-
Flexible Spending and Health Reimbursement Arrangements: The bill ensures that using funds from these arrangements for a parent's medical care does not result in the amount being included in the taxpayer's gross income. This could help families manage medical costs for parents more easily. Section 3
-
Archer MSAs: By including parents in the definition of eligible medical expenses, this provision could provide more flexibility in using these accounts for family care. Section 4
Potential Negative Impacts for People
- There are no specific negative impacts or burdens described in the provided text of the bill.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Retirees+5Good For Seniors+5Good For Middle Class Households+4
- Economy And Finance
- Reduces Middle Class Taxes+4
- 4/27/2026
- 1 Cosponsor added.
- 4/20/2026
- 1 Cosponsor added.
- 3/4/2026
- 1 Cosponsor added.
- 5/1/2025
- Read twice and referred to the Committee on Finance.
- 1 Cosponsor added.
- Introduced in Senate
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Marsha BlackburnRepublican · Tennessee
Bill CassidyRepublican · Louisiana
Amy KlobucharDemocrat · Minnesota
Lisa MurkowskiRepublican · Alaska