S. 3112
Referred to CommitteePersonalized 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
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Sponsor & Cosponsors (4)
Party Breakdown
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Democrats
4
Republicans
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Cosponsors (3)
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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
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Enacted into Law
Text Versions (1)
Introduced in Senate12/19/2019