S. 5302 · 117th Congress
Health Savings Accounts For All Act of 2022
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Never voted on. It didn't reach a floor vote before the 117th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
PaulSponsor1 cosponsor · 1 R
1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill revises provisions relating to health savings accounts (HSAs). Specifically, the bill
What it does: CRS summary · Introduced in Senate · Dec 20, 2022
Health Savings Accounts For All Act of 2022
This bill revises provisions relating to health savings accounts (HSAs). Specifically, the bill
- increases the annual limitation on tax-deductible contributions to HSAs by plan participants and their employers;
- eliminates the requirement that an HSA participant must be enrolled in a high deductible health plan as a condition of eligibility;
- allows payments from HSAs for health insurance premiums and primary care service arrangements;
- allows payment of medical expenses incurred prior to the establishment of an HSA and correction of administrative errors prior to the due date of an applicable tax return;
- allows a tax-free rollover of amounts in an HSA, upon the death of an account holder, to the account holder's child, parent, or grandparent;
- allows payments from HSAs for vitamins, dietary supplements, gym membership, and wearable fitness trackers; and
- extends bankruptcy protections to HSAs on the same basis as tax-preferred retirement plans.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Health Savings Accounts For All Act of 2022
Latest action (Dec 20, 2022): Read twice and referred to the Committee on Finance.
Policy area: Taxation · Origin: Senate · Introduced: Dec 20, 2022
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.