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S. 3112

Referred to Committee

Personalized Care Act of 2019

Introduced 12/19/2019•116th Congress•Senate

Latest Action

Read twice and referred to the Committee on Finance.

12/19/2019 • Senate

Summary

Personalized Care Act of 2019

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 Senate • 12/19/2019

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Topics & Subjects

Policy Area: Taxation
Bank accounts, deposits, capitalHealth care costs and insuranceIncome tax deductionsReligion

Congressional Votes (0)

No recorded votes yet

Roll call votes will appear here as the bill moves through Congress

Related Federal Spending

Sponsor & Cosponsors (4)

Party Breakdown

0
Democrats
4
Republicans
0
Independents

Sponsor

S[
Sen. Cruz, Ted [R-TX]

Republican • TX

Sponsored 12/19/2019

Cosponsors (3)

S[
Sen. Braun, Mike [R-IN]

R-IN

Joined 12/19/2019

S[
Sen. Risch, James E. [R-ID]

R-ID

Joined 6/15/2020

S[
Sen. Loeffler, Kelly [R-GA]

R-GA

Joined 10/19/2020

Bill Journey

Originated in the Senate

Introduced

December 19, 2019

Read twice and referred to the Committee on Finance.

Committee Review

Floor Debate

Passed Chamber

Other Chamber

President

Enacted into Law

Text Versions (1)

Introduced in Senate12/19/2019

Details

Bill TypeS
Current StatusReferred to Committee
Cosponsors3