arrow_back Back to App

New Health Accounts: More Freedom and Tax Benefits

This bill introduces "health freedom accounts" to replace existing health savings accounts. The changes aim to make these accounts accessible to everyone, increase contribution limits, and broaden the types of expenses that can be covered. Citizens will gain greater flexibility in managing their healthcare funds.
Key points
All individuals will be able to open health freedom accounts, regardless of their specific insurance plan.
The annual contribution limit for these accounts will increase to $12,000 ($24,000 for joint filers), with an additional $5,000 for individuals aged 55 and older.
Funds from these accounts can be used for a wider range of services, including direct primary care and medical cost-sharing programs.
Employers will be able to contribute tax-free to employees' health freedom accounts, potentially changing how healthcare benefits are funded in the future.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_HR_1769
Sponsor: Rep. Roy, Chip [R-TX-21]
Process start date: 2023-03-23
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Healthcare Freedom Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_1769.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-03-23.

What are the main provisions?

Key points include:

  • All individuals will be able to open health freedom accounts, regardless of their specific insurance plan.
  • The annual contribution limit for these accounts will increase to $12,000 ($24,000 for joint filers), with an additional $5,000 for individuals aged 55 and older.
  • Funds from these accounts can be used for a wider range of services, including direct primary care and medical cost-sharing programs.
  • Employers will be able to contribute tax-free to employees' health freedom accounts, potentially changing how healthcare benefits are funded in the future.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Roy, Chip [R-TX-21].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Health.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-24.

CATEGORIES

Health Taxes