Health Savings Act of 2021

Summary

Health Savings Act of 2021 This bill modifies the requirements for health savings accounts (HSAs) to rename high deductible health plans as HSA-qualified health plans; allow spouses who have both attained age 55 to make catch-up contributions to the same HSA; make Medicare Part A (hospital insurance benefits) beneficiaries eligible to participate in an HSA; allow individuals eligible for hospital care or medical services under a program of the Indian Health Service or a tribal organization to participate in an HSA; allow members of a health care sharing ministry to participate in an HSA; allow individuals who receive primary care services in exchange for a fixed periodic fee or payment, or who receive health care benefits from an on-site medical clinic of an employer, to participate in an HSA; include amounts paid for prescription and over-the-counter medicines or drugs as qualified medical expenses for which distributions from an HSA or other tax-preferred savings accounts may be used; increase the limits on HSA contributions to match the sum of the annual deductible and out-of-pocket expenses permitted under a high deductible health plan; and allow HSA distributions to be used to purchase health insurance coverage. The bill also (1) exempts HSAs from creditor claims in bankruptcy, and (2) reauthorizes Medicaid health opportunity accounts. The bill allows a medical care tax deduction for (1) exercise equipment, physical fitness programs, and membership at a fitness facility; (2) nutritional and dietary supplements; and (3) periodic fees paid to a primary care physician and amounts paid for pre-paid primary care services.

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Timeline

1. 14 December 2021

   Introduced

   Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, and the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

   Source: IntroReferral

2. 14 December 2021

   Introduced

   Introduced in House

   Source: IntroReferral

3. 14 December 2021

   Introduced

   Introduced in House

   Source: IntroReferral

4. 15 December 2021

   Referred

   Referred to the Subcommittee on Health.

   Source: Committee

5. 1 November 2022

   Referred

   Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 14 December 2021 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 14 December 2021

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 14 December 2021

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 14 December 2021

  Open at official source

Sponsors

• Jake LaTurner · R · Sponsor
• · hsju00 · Standing
• · hsif00 · Standing
• · hswm00 · Standing

Related records

• related to → Health Savings Act of 2021
• related to → Stop Penalizing Working Seniors Act
• related to → Health Savings Act of 2023