Legis Daily

Health Savings Act of 2020

USA116th CongressHR-6286| House 
| Updated: 3/13/2020
Michael C. Burgess

Michael C. Burgess

Republican Representative

Texas

Ways and Means Committee, Judiciary Committee, Energy and Commerce Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Health Savings Act of 20 20 This bill revises requirements for health savings accounts (HSAs) to (1) allow an additional tax deduction for amounts paid to the HSA of a taxpayer's child or grandchild; (2) allow a rollover of HSA funds to the child, parent, or grandparent of an account holder; (3) increase the maximum HSA contribution limit to match the amount of the deductible and out-of-pocket expenses under a high deductible health plan; and (4) expand the definition of an HSA compatible plan to include bronze, silver, and catastrophic plans on an insurance exchange. The bill also amends the bankruptcy code to treat HSAs in the same manner as individual retirement accounts for purposes of determining exemptions from the bankruptcy estate.
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Timeline

Bill from Previous Congress

HR 115-6314
Health Savings Act of 2018
Jan 3, 2019

Latest Companion Bill Action

S 116-12
Introduced in Senate
Mar 13, 2020
Introduced in House
Mar 13, 2020
Referred to the Committee on Ways and Means, and in addition to the Committees on the Judiciary, and Energy and Commerce, 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.
  • Bill from Previous Congress

    HR 115-6314
    Health Savings Act of 2018


  • January 3, 2019

    Latest Companion Bill Action

    S 116-12
    Introduced in Senate


  • March 13, 2020
    Introduced in House


  • March 13, 2020
    Referred to the Committee on Ways and Means, and in addition to the Committees on the Judiciary, and Energy and Commerce, 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.

Taxation

BankruptcyChild healthEmployee benefits and pensionsHealth care costs and insuranceHealth care coverage and accessIncome tax deductionsIncome tax exclusionTax treatment of families

Health Savings Act of 2020

USA116th CongressHR-6286| House 
| Updated: 3/13/2020
Health Savings Act of 20 20 This bill revises requirements for health savings accounts (HSAs) to (1) allow an additional tax deduction for amounts paid to the HSA of a taxpayer's child or grandchild; (2) allow a rollover of HSA funds to the child, parent, or grandparent of an account holder; (3) increase the maximum HSA contribution limit to match the amount of the deductible and out-of-pocket expenses under a high deductible health plan; and (4) expand the definition of an HSA compatible plan to include bronze, silver, and catastrophic plans on an insurance exchange. The bill also amends the bankruptcy code to treat HSAs in the same manner as individual retirement accounts for purposes of determining exemptions from the bankruptcy estate.
View Full Text

Suggested Questions

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

Timeline

Bill from Previous Congress

HR 115-6314
Health Savings Act of 2018
Jan 3, 2019

Latest Companion Bill Action

S 116-12
Introduced in Senate
Mar 13, 2020
Introduced in House
Mar 13, 2020
Referred to the Committee on Ways and Means, and in addition to the Committees on the Judiciary, and Energy and Commerce, 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.
  • Bill from Previous Congress

    HR 115-6314
    Health Savings Act of 2018


  • January 3, 2019

    Latest Companion Bill Action

    S 116-12
    Introduced in Senate


  • March 13, 2020
    Introduced in House


  • March 13, 2020
    Referred to the Committee on Ways and Means, and in addition to the Committees on the Judiciary, and Energy and Commerce, 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.
Michael C. Burgess

Michael C. Burgess

Republican Representative

Texas

Ways and Means Committee, Judiciary Committee, Energy and Commerce Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
BankruptcyChild healthEmployee benefits and pensionsHealth care costs and insuranceHealth care coverage and accessIncome tax deductionsIncome tax exclusionTax treatment of families