3.0.0 5302 2023-03-08T18:29:08Z 2023-03-08T18:29:08Z Senate S 2022-12-20 117 ssfi00 Finance Committee Senate Standing Referred to 2022-12-20T15:31:38Z 2022-12-20 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2022-12-20 Introduced in Senate IntroReferral 10000 9 Library of Congress P000603 Sen. Paul, Rand [R-KY] Rand Paul R KY N L000571 Sen. Lummis, Cynthia M. [R-WY] Cynthia Lummis R WY M. 2022-12-20 True Taxation Taxation 00 2022-12-20 Introduced in Senate 2023-03-01T15:41:38Z 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.
]]> Health Savings Accounts For All Act of 2022 Display Title Health Savings Accounts For All Act of 2022 Short Title(s) as Introduced Health Savings Accounts For All Act of 2022 Introduced in Senate IS Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to increase the limitations on contributions to health savings accounts, and for other purposes. Introduced in Senate IS Introduced in Senate 2022-12-20T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117s5302is/xml/BILLS-117s5302is.xml 2022-12-20 Read twice and referred to the Committee on Finance. 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. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.