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Bipartisan HSA Improvement Act of 2023

USA118th CongressHR-5688| House 
| Updated: 2/26/2024
Lloyd Smucker

Lloyd Smucker

Republican Representative

Pennsylvania

Cosponsors (1)
Earl Blumenauer (Democratic)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Bipartisan HSA Improvement Act of 2023 This bill allows an individual to contribute to a health savings account (HSA), as part of a high deductible health plan (HDHP), while also participating in a primary care service arrangement, receiving qualified items or services at an employer-sponsored on-site clinic, or if covered under a spouse’s flexible spending arrangement (FSA). Further, the bill allows individuals to rollover amounts in an FSA or health reimbursement arrangement (HRA) into an HSA. The bill defines a primary care service arrangement as one in which an individual is provided primary care services by a primary care practitioner for a periodic fixed fee of no more than $150 a month for an individual (or no more than $300 a month for an arrangement that covers more than one individual). Additionally, under the bill, qualified items or services received at an employer-sponsored, on-site clinic include physical exams, immunizations, nonprescription drugs or biologicals, treatment for injuries related to an individual’s employment, preventative care for chronic conditions, and vision and hearing screenings. The bill allows an individual to contribute to an HSA, as part of an HDHP, even if covered by a spouse’s FSA. However, amounts in the spouse’s FSA must be used to reimburse the spouse’s eligible medical expenses for the plan year before being rolled over into the individual’s HSA. Finally, individuals may be able to rollover up to the annual FSA contribution limit from an FSA or HRA into an HSA upon enrolling in an HDHP.

Bill Text Versions

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2 versions available

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Timeline

Bill from Previous Congress

HR 115-6305
Bipartisan HSA Improvement Act of 2018
Sep 26, 2023
Introduced in House
Sep 26, 2023
Referred to the House Committee on Ways and Means.
Sep 28, 2023
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 28 - 14.
Sep 28, 2023
Committee Consideration and Mark-up Session Held
Feb 26, 2024
Placed on the Union Calendar, Calendar No. 330.
Feb 26, 2024
Reported (Amended) by the Committee on Ways and Means. H. Rept. 118-401.
  • Bill from Previous Congress

    HR 115-6305
    Bipartisan HSA Improvement Act of 2018


  • September 26, 2023
    Introduced in House


  • September 26, 2023
    Referred to the House Committee on Ways and Means.


  • September 28, 2023
    Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 28 - 14.


  • September 28, 2023
    Committee Consideration and Mark-up Session Held


  • February 26, 2024
    Placed on the Union Calendar, Calendar No. 330.


  • February 26, 2024
    Reported (Amended) by the Committee on Ways and Means. H. Rept. 118-401.

Taxation

Related Bills

  • HR 118-5777: To amend the Internal Revenue Code of 1986 to improve health savings accounts.
  • HR 118-5716: Health Savings for Families Act of 2023
Bank accounts, deposits, capitalHealth care costs and insuranceHealth care coverage and accessHealth facilities and institutionsIncome tax deductionsInflation and prices

Bipartisan HSA Improvement Act of 2023

USA118th CongressHR-5688| House 
| Updated: 2/26/2024
Bipartisan HSA Improvement Act of 2023 This bill allows an individual to contribute to a health savings account (HSA), as part of a high deductible health plan (HDHP), while also participating in a primary care service arrangement, receiving qualified items or services at an employer-sponsored on-site clinic, or if covered under a spouse’s flexible spending arrangement (FSA). Further, the bill allows individuals to rollover amounts in an FSA or health reimbursement arrangement (HRA) into an HSA. The bill defines a primary care service arrangement as one in which an individual is provided primary care services by a primary care practitioner for a periodic fixed fee of no more than $150 a month for an individual (or no more than $300 a month for an arrangement that covers more than one individual). Additionally, under the bill, qualified items or services received at an employer-sponsored, on-site clinic include physical exams, immunizations, nonprescription drugs or biologicals, treatment for injuries related to an individual’s employment, preventative care for chronic conditions, and vision and hearing screenings. The bill allows an individual to contribute to an HSA, as part of an HDHP, even if covered by a spouse’s FSA. However, amounts in the spouse’s FSA must be used to reimburse the spouse’s eligible medical expenses for the plan year before being rolled over into the individual’s HSA. Finally, individuals may be able to rollover up to the annual FSA contribution limit from an FSA or HRA into an HSA upon enrolling in an HDHP.

Bill Text Versions

View Text
2 versions available

Suggested Questions

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

Timeline

Bill from Previous Congress

HR 115-6305
Bipartisan HSA Improvement Act of 2018
Sep 26, 2023
Introduced in House
Sep 26, 2023
Referred to the House Committee on Ways and Means.
Sep 28, 2023
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 28 - 14.
Sep 28, 2023
Committee Consideration and Mark-up Session Held
Feb 26, 2024
Placed on the Union Calendar, Calendar No. 330.
Feb 26, 2024
Reported (Amended) by the Committee on Ways and Means. H. Rept. 118-401.
  • Bill from Previous Congress

    HR 115-6305
    Bipartisan HSA Improvement Act of 2018


  • September 26, 2023
    Introduced in House


  • September 26, 2023
    Referred to the House Committee on Ways and Means.


  • September 28, 2023
    Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 28 - 14.


  • September 28, 2023
    Committee Consideration and Mark-up Session Held


  • February 26, 2024
    Placed on the Union Calendar, Calendar No. 330.


  • February 26, 2024
    Reported (Amended) by the Committee on Ways and Means. H. Rept. 118-401.
Lloyd Smucker

Lloyd Smucker

Republican Representative

Pennsylvania

Cosponsors (1)
Earl Blumenauer (Democratic)

Ways and Means Committee

Taxation

Related Bills

  • HR 118-5777: To amend the Internal Revenue Code of 1986 to improve health savings accounts.
  • HR 118-5716: Health Savings for Families Act of 2023
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Bank accounts, deposits, capitalHealth care costs and insuranceHealth care coverage and accessHealth facilities and institutionsIncome tax deductionsInflation and prices