Health Savings Act of 2023

Bill: 118-hr-2959
Sponsor: Rep. LaTurner, Jake [R-KS-2]
Introduced: 2023-04-27 in the House
Policy area: Taxation
Subjects: Bankruptcy
Employee benefits and pensions
Health care costs and insurance
Health care coverage and access
Health personnel
Hospital care
Income tax deductions
Indian social and development programs
Inflation and prices
Medicaid
Medicare
Military medicine
Minority health
Nutrition and diet
Physical fitness and lifestyle
Prescription drugs
Religion
Sales and excise taxes
Sports and recreation facilities
Tax administration and collection, taxpayers
Tax treatment of families

Summary:
action_date: 2023-04-27
text: 

Health Savings Act of 2023

 
This bill modifies the requirements for health savings accounts (HSAs) to
 
 
rename high deductible health plans as HSA-qualified health plans; 
 
allow spouses who have both attained age 55 to make catch-up contributions to the same HSA; 
 
make Medicare Part A (hospital insurance benefits) beneficiaries eligible to participate in an HSA;
 
allow individuals eligible for hospital care or medical services under a program of the Indian Health Service or a tribal organization to participate in an HSA; 
 
allow members of a health care sharing ministry to participate in an HSA; 
 
allow individuals who receive primary care services in exchange for a fixed periodic fee or payment, or who receive health care benefits from an on-site medical clinic of an employer, to participate in an HSA; 
 
include amounts paid for prescription and over-the-counter medicines or drugs as 
qualified medical expenses
 for which distributions from an HSA or other tax-preferred savings accounts may be used; 
 
 increase the limits on HSA contributions to match the sum of the annual deductible and out-of-pocket expenses permitted under a high deductible health plan; and 
 
allow HSA distributions to be used to purchase health insurance coverage.
 
 
The bill also (1) exempts HSAs from creditor claims in bankruptcy, and (2) reauthorizes Medicaid health opportunity accounts. 
 
The bill allows a medical care tax deduction for (1) exercise equipment, physical fitness programs, and membership at a fitness facility; (2) nutritional and dietary supplements; and (3) periodic fees paid to a primary care physician and amounts paid for pre-paid primary care services.


Legislative actions:
action_date: 2024-12-17
text: Referred to the Subcommittee on Health.
action_date: 2023-04-28
text: Referred to the Subcommittee on Health.
action_date: 2023-04-27
text: Referred to the Committee on Ways and Means, and in addition to the Committees on the Judiciary, and Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2023-04-27
text: Referred to the Committee on Ways and Means, and in addition to the Committees on the Judiciary, and Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2023-04-27
text: Referred to the Committee on Ways and Means, and in addition to the Committees on the Judiciary, and Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2023-04-27
text: Introduced in House
action_date: 2023-04-27
text: Introduced in House