S. 2621
Referred to CommitteePersonalized Care Act of 2023
Introduced 7/27/2023•118th Congress•Senate
Latest Action
Read twice and referred to the Committee on Finance.
7/27/2023 • Senate
Summary
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%.
Introduced in Senate • 7/27/2023
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Topics & Subjects
Policy Area: Taxation
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Related Federal Spending
Sponsor & Cosponsors (3)
Party Breakdown
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Democrats
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Republicans
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Cosponsors (2)
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Bill Journey
Originated in the Senate
Introduced
July 27, 2023
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 Senate7/27/2023