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Health Savings Accounts For All Act of 2020

USA116th CongressHR-8032| House 
| Updated: 8/14/2020
Andy Biggs

Andy Biggs

Republican Representative

Arizona

Cosponsors (13)
Chris Stewart (Republican)Paul A. Gosar (Republican)Chip Roy (Republican)Andy Harris (Republican)Jeff Duncan (Republican)Scott Perry (Republican)Jody B. Hice (Republican)Roger Williams (Republican)Ted S. Yoho (Republican)Debbie Lesko (Republican)Russ Fulcher (Republican)Louie Gohmert (Republican)Troy Balderson (Republican)

Ways and Means Committee, Judiciary Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Health Savings Accounts For All Act of 2020 This bill revises provisions relating to health savings accounts (HSAs). Specifically, the bill repeals the annual limitation on tax-deductible contributions to HSAs by plan participants and their employers; eliminates the requirement that an HSA participant must be enrolled in a high deductible health plan as a condition of eligibility; expands qualified medical expenses to include prescription and over-the-counter drugs; allows payments from HSAs for health insurance premiums; allows payment of medical expenses incurred prior to the establishment of an HSA and correction of administrative errors prior to the due date of an applicable tax return; allows a tax-free rollover of amounts in an HSA, upon the death of an account holder, to the account holder's child, parent, or grandparent; and extends bankruptcy protections to HSAs on the same basis as tax-preferred retirement plans.
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Timeline
Jul 29, 2020

Latest Companion Bill Action

S 116-4367
Introduced in Senate
Aug 14, 2020
Introduced in House
Aug 14, 2020
Referred to the Committee on Ways and Means, and in addition to the Committee on 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.
  • July 29, 2020

    Latest Companion Bill Action

    S 116-4367
    Introduced in Senate


  • August 14, 2020
    Introduced in House


  • August 14, 2020
    Referred to the Committee on Ways and Means, and in addition to the Committee on 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.

Taxation

Related Bills

  • S 116-4367: Health Savings Accounts For All Act of 2020
BankruptcyEmployee benefits and pensionsHealth care costs and insuranceIncome tax deductionsMarriage and family statusPrescription drugsTax administration and collection, taxpayersTax treatment of familiesTemporary and part-time employment

Health Savings Accounts For All Act of 2020

USA116th CongressHR-8032| House 
| Updated: 8/14/2020
Health Savings Accounts For All Act of 2020 This bill revises provisions relating to health savings accounts (HSAs). Specifically, the bill repeals the annual limitation on tax-deductible contributions to HSAs by plan participants and their employers; eliminates the requirement that an HSA participant must be enrolled in a high deductible health plan as a condition of eligibility; expands qualified medical expenses to include prescription and over-the-counter drugs; allows payments from HSAs for health insurance premiums; allows payment of medical expenses incurred prior to the establishment of an HSA and correction of administrative errors prior to the due date of an applicable tax return; allows a tax-free rollover of amounts in an HSA, upon the death of an account holder, to the account holder's child, parent, or grandparent; and extends bankruptcy protections to HSAs on the same basis as tax-preferred retirement plans.
View Full Text

Suggested Questions

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

Timeline
Jul 29, 2020

Latest Companion Bill Action

S 116-4367
Introduced in Senate
Aug 14, 2020
Introduced in House
Aug 14, 2020
Referred to the Committee on Ways and Means, and in addition to the Committee on 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.
  • July 29, 2020

    Latest Companion Bill Action

    S 116-4367
    Introduced in Senate


  • August 14, 2020
    Introduced in House


  • August 14, 2020
    Referred to the Committee on Ways and Means, and in addition to the Committee on 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.
Andy Biggs

Andy Biggs

Republican Representative

Arizona

Cosponsors (13)
Chris Stewart (Republican)Paul A. Gosar (Republican)Chip Roy (Republican)Andy Harris (Republican)Jeff Duncan (Republican)Scott Perry (Republican)Jody B. Hice (Republican)Roger Williams (Republican)Ted S. Yoho (Republican)Debbie Lesko (Republican)Russ Fulcher (Republican)Louie Gohmert (Republican)Troy Balderson (Republican)

Ways and Means Committee, Judiciary Committee

Taxation

Related Bills

  • S 116-4367: Health Savings Accounts For All Act of 2020
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
BankruptcyEmployee benefits and pensionsHealth care costs and insuranceIncome tax deductionsMarriage and family statusPrescription drugsTax administration and collection, taxpayersTax treatment of familiesTemporary and part-time employment