Summary: H.R.603 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for H.R.603. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (01/16/2019)

Health Savings Account Expansion Act of 2019

This bill modifies the requirements for health savings accounts (HSAs) to:

  • increase the maximum contribution amounts,
  • permit the use of HSAs to pay health insurance premiums and for direct primary care service arrangements,
  • repeal the restriction on using HSAs for over-the-counter medications,
  • eliminate the requirement that a participant in an HSA be enrolled in a high deductible health care plan, and
  • decrease the additional tax for HSA distributions not used for qualified medical expenses.