H.R. 603 · 116th Congress
Health Savings Account Expansion Act of 2019
- Stage
- In committee
- Sponsor
- Mike Gallagher
- Introduced
- 2019-01-16
- Latest action
- 2019-03-01 · Referred to the Subcommittee on Health.
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.