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 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 Trump has pitched the idea. Indeed, had a similar provision.

This is what the proposal might mean for you and your health-care costs in retirement.