H.R. 5596
Referred to CommitteePersonalized Care Act of 2020
Introduced 1/14/2020•116th Congress•House
Latest Action
Referred to the House Committee on Ways and Means.
1/14/2020 • House
Summary
Personalized Care Act of 2020
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,
- allow payment of over-the-counter medicines or drugs from HSAs, and
- lower the 20% penalty for nonqualified distributions from HSAs to 10%.
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Introduced in House • 1/14/2020
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Topics & Subjects
Policy Area: Taxation
Bank accounts, deposits, capitalHealth care costs and insuranceIncome tax deductionsReligion
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Related Federal Spending
Sponsor & Cosponsors (27)
Party Breakdown
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Democrats
27
Republicans
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Independents
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Cosponsors (26)
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Bill Journey
Originated in the House
Introduced
January 14, 2020
Referred to the House Committee on Ways and Means.
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law
Text Versions (1)
Introduced in House1/14/2020