118 HR 5737 IH: Elevating HSA Limits Act of 2023 U.S. House of Representatives 2023-09-26 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I118th CONGRESS1st SessionH. R. 5737IN THE HOUSE OF REPRESENTATIVESSeptember 26, 2023Ms. Van Duyne (for herself and Mr. Hern) introduced the following bill; which was referred to the Committee on Ways and MeansA BILLTo amend the Internal Revenue Code of 1986 to increase the maximum contribution limit for health savings accounts.

1.

Short title

This Act may be cited as the Elevating HSA Limits Act of 2023.

2.

Maximum contribution limit to health savings account increased to amount of deductible and out-of-pocket limitation

(a)

Self-Only coverage

Section 223(b)(2)(A) of the Internal Revenue Code of 1986 is amended by striking $2,250 and inserting the amount in effect under subsection (c)(2)(A)(ii)(I). (b)

Family coverage

Section 223(b)(2)(B) of such Code is amended by striking $4,500 and inserting the amount in effect under subsection (c)(2)(A)(ii)(II). (c)

Conforming amendments

Section 223(g)(1) of such Code is amended— (1)by striking subsections (b)(2) and both places it appears and inserting subsection, and (2)in subparagraph (B), by striking determined by and all that follows through calendar year 2003. and inserting determined by substituting calendar year 2003 for calendar year 2016 in subparagraph (A)(ii) thereof.. (d)

Effective date

The amendments made by this section shall apply to taxable years beginning after December 31, 2023.