House Bill 5596
116th Congress(2019-2020)
Personalized Care Act of 2020
Introduced
Introduced in House on Jan 14, 2020
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
5596
Congress
116
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
No House votes have been held for this bill.
Summary
Personalized Care Act of 2020
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,
- allow payment of over-the-counter medicines or drugs from HSAs, and
- lower the 20% penalty for nonqualified distributions from HSAs to 10%.
.
January 14, 2020
01/14/2020
Referred to the House Committee on Ways and Means.
01/14/2020
Introduced in House
Public Record
Record Updated
Feb 8, 2022 11:17:52 PM