SENATE 2621118th CongressRead twice and referred to the Committee on Finance.
Personalized Care Act of 2023
- Last Action
- 7/27/2023
Actions
- 2023-07-27Read twice and referred to the Committee on Finance.
- 2023-07-27Introduced in Senate
CRS Summary
As of 2023-07-27 (00)
Personalized Care Act of 2023
This bill revises provisions relating to health savings accounts (HSAs), including to
- redefine eligible individual for HSA purposes to allow increased participation in HSAs,
- increase the limit on contributions to HSAs,
- permit the payment of health insurance premiums from HSAs,
- include within the definition of qualified medical expenses periodic fees paid for medical services and amounts paid by a member of a health care sharing ministry,
- treat periodic provider fees as deductible medical expenses, and
- lower the 20% penalty for nonqualified distributions from HSAs to 10%.
Cosponsors (2)
- James Risch (R-ID)
- Mike Braun (R-IN)
Sourced from Congress.gov (public domain).
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