H.R.457 - Health Savings Account Act116th Congress (2019-2020) |
|Sponsor:||Rep. Fortenberry, Jeff [R-NE-1] (Introduced 01/10/2019)|
|Committees:||House - Ways and Means|
|Latest Action:||House - 01/10/2019 Referred to the Subcommittee on Health. (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
- Passed House
- Passed Senate
- To President
- Became Law
Summary: H.R.457 — 116th Congress (2019-2020)All Information (Except Text)
Introduced in House (01/10/2019)
Health Savings Account Act
This bill modifies the requirements for health savings accounts (HSAs) to (1) increase the maximum contribution limits for HSAs to match the sum of the annual deductible and out-of-pocket expenses permitted under a high deductible health plan, (2) allow individuals who receive primary care services in exchange for a fixed periodic fee or payment to participate in an HSA, and (3) permit HSAs to be used for fitness center memberships.
The bill also allows a medical care tax deduction for periodic provider fees, including (1) periodic fees paid to a primary care physician for a defined set of medical services or the right to receive medical services on an as-needed basis; and (2) pre-paid primary care services designed to screen for, diagnose, cure, mitigate, treat, or prevent disease and promote wellness.