Health Savings Act of 2021
Latest action · Nov 1, 2022 Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedDec 14, 2021
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Health Savings Act of 2021
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.
Cosponsors
Members who signed on, in the order they did.
Actions 4
Everything that happened, newest first.
- Nov 1, 2022Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law.
- Dec 15, 2021Referred to the Subcommittee on Health.
- Dec 14, 2021Introduced in House
- Dec 14, 2021Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, and the Judiciary, 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.
Related bills 2
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 380 | Health Savings Act of 2021 | Identical bill | Feb 23, 2021 |
| HR 5563 | Stop Penalizing Working Seniors Act | Related bill | Oct 12, 2021 |
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
- 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
- Taxation
Text 1
Each version as it was printed, newest first.
- Dec 14, 2021Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.