Health Savings Act of 2023
Latest action · Mar 30, 2023 Read twice and referred to the Committee on Finance.
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.
- IntroducedMar 30, 2023
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
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.
Cosponsors 1
Members who signed on, in the order they did. All signed on Mar 30, 2023.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-SC | Tim Scott | Original | Mar 30, 2023 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| Senate | Finance Committee | Referred Mar 30, 2023 |
Actions 2
Everything that happened, newest first.
- Mar 30, 2023Introduced in Senate
- Mar 30, 2023Read twice and referred to the Committee on Finance.
Related bills 7
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 380 | Health Savings Act of 2021 | Reintroduction of | Feb 23, 2021 |
| HR 2769 | Stop Penalizing Working Seniors Act | Related bill | Dec 17, 2024 |
| HR 2959 | Health Savings Act of 2023 | Identical bill | Dec 17, 2024 |
| HR 5546 | Native American Health Savings Improvement Act | Related bill | Sep 18, 2023 |
| HR 5607 | Contribution Opportunities for United Partners with Limit Expansions in a Single HSA | Related bill | Dec 17, 2024 |
| HR 5690 | Advancing Health Savings Act of 2023 | Related bill | Dec 17, 2024 |
| HR 5737 | Elevating HSA Limits Act of 2023 | Related bill | Dec 17, 2024 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- A bill to amend the Internal Revenue Code of 1986 to improve access to health care through expanded health savings accounts, and for other purposes.
- Short Title(s) as Introduced
- Health Savings Act of 2023
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.
- Mar 30, 2023Introduced in Senate
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; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
