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Senior Health Planning Account Act

USA116th CongressHR-5958| House 
| Updated: 2/25/2020
Brian Higgins

Brian Higgins

Democratic Representative

New York

Cosponsors (2)
W. Gregory Steube (Republican)George Holding (Republican)

Ways and Means Committee, Health Subcommittee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Senior Health Planning Account Act This bill allows tax-exempt senior health planning accounts that are funded using a taxpayer's gains from the sale or assignment of a life insurance contract. The bill excludes from gross income (1) the gains that are contributed to the accounts, and (2) distributions from the accounts that are used exclusively for the health care expenses of the account beneficiary or the account beneficiary's spouse.
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Timeline
Feb 25, 2020
Introduced in House
Feb 25, 2020
Referred to the House Committee on Ways and Means.
Feb 25, 2020
Referred to the Subcommittee on Health.
  • February 25, 2020
    Introduced in House


  • February 25, 2020
    Referred to the House Committee on Ways and Means.


  • February 25, 2020
    Referred to the Subcommittee on Health.

Taxation

AgingHealth care costs and insuranceIncome tax exclusionLife, casualty, property insuranceMarriage and family status

Senior Health Planning Account Act

USA116th CongressHR-5958| House 
| Updated: 2/25/2020
Senior Health Planning Account Act This bill allows tax-exempt senior health planning accounts that are funded using a taxpayer's gains from the sale or assignment of a life insurance contract. The bill excludes from gross income (1) the gains that are contributed to the accounts, and (2) distributions from the accounts that are used exclusively for the health care expenses of the account beneficiary or the account beneficiary's spouse.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Feb 25, 2020
Introduced in House
Feb 25, 2020
Referred to the House Committee on Ways and Means.
Feb 25, 2020
Referred to the Subcommittee on Health.
  • February 25, 2020
    Introduced in House


  • February 25, 2020
    Referred to the House Committee on Ways and Means.


  • February 25, 2020
    Referred to the Subcommittee on Health.
Brian Higgins

Brian Higgins

Democratic Representative

New York

Cosponsors (2)
W. Gregory Steube (Republican)George Holding (Republican)

Ways and Means Committee, Health Subcommittee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
AgingHealth care costs and insuranceIncome tax exclusionLife, casualty, property insuranceMarriage and family status