Health Savings Account Expansion Act of 2019

Health Savings Account Expansion Act of 2019

This bill modifies the requirements for health savings accounts (HSAs) to:

• increase the maximum contribution amounts,
• permit the use of HSAs to pay health insurance premiums and for direct primary care service arrangements,
• repeal the restriction on using HSAs for over-the-counter medications,
• eliminate the requirement that a participant in an HSA be enrolled in a high deductible health care plan, and
• decrease the additional tax for HSA distributions not used for qualified medical expenses.