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H.R. 603 — Health Savings Account Expansion Act of 2019 | PoliFocus

H.R. 603116th Congress

Health Savings Account Expansion Act of 2019

To amend the Internal Revenue Code of 1986 to expand the permissible use of health savings accounts to include health insurance payments and to increase the dollar limitation for contributions to health savings accounts, and for other purposes.

Sponsors

Rep. Gallagher, Mike [R-WI-8]

14 cosponsors

Subjects

Taxation

Summary

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.

Full Text

Legislative Actions

2019-01-16
Introduced in House
2019-01-16
Introduced in House
2019-01-16
Referred to the House Committee on Ways and Means.
2019-03-01
Referred to the Subcommittee on Health.

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