Personalized Care Act of 2021

Summary

Personalized Care Act of 2021 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%.

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Timeline

1. 2 February 2021

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 2 February 2021

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 2 February 2021 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 2 February 2021

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 2 February 2021

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 2 February 2021

  Open at official source

Sponsors

• Ted Cruz · R · Sponsor
• James Risch · R · Sponsor
• Sen. Braun, Mike [R-IN] · R · Cosponsor
• · ssfi00 · Standing

Related records

• related to → Personalized Care Act of 2023
• related to ← Personalized Care Act of 2021
• related to ← Personalized Care Act of 2019