What is the official ID of this bill?
The official print number for this legislation is HR 107.
Changes to Health Savings Account (HSA) Rules and Increased Contribution Limits
This bill amends the Internal Revenue Code to exclude Health Savings Account (HSA) distributions from gross income if used during a period of qualified caregiving (as defined by the Family and Medical Leave Act). It eliminates the requirement for an account beneficiary to be enrolled in a High Deductible Health Plan (HDHP). Additionally, it increases the annual HSA contribution limit to $9,000 (or $18,000 for joint returns).
Key points
Caregiving Distributions: Amounts distributed from an HSA during a period of qualified caregiving (e.g., FMLA leave) are excluded from gross income.
HDHP Requirement Removed: The bill removes the requirement to be enrolled in a High Deductible Health Plan (HDHP) to be an eligible individual for an HSA.
Higher Contribution Limits: The annual HSA contribution limit is set at $9,000 ($18,000 for joint returns).
Status:
Expired
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