
Trump's budget could open this tax-free savings account to people on Medicare
President Donald Trump's proposed budget might make it easier for seniors to save for health-care costs on a tax-free basis. The proposal calls for allowing Medicare beneficiaries to make tax-deductible contributions to health savings accounts "associated with high-deductible health plans offered by their employers or a Medicare Advantage plan." That's a change from current law, as people enrolled in the retiree health-care program cannot fund an HSA. Though it's uncertain whether this measure would be supported in Congress, this isn't the first time ...