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Increased Contribution Limits for Health Savings Accounts (HSAs)

This bill aims to increase the maximum amounts citizens can contribute to their Health Savings Accounts (HSAs). This means individuals with HSAs will be able to save more money for medical expenses, potentially leading to financial benefits and greater flexibility in managing healthcare costs. The changes will apply to taxable years beginning after December 31, 2023.
Key points
Increased contribution limits for Health Savings Accounts (HSAs) for both self-only and family coverage.
New limits will match the deductible and out-of-pocket maximums, potentially allowing for greater healthcare savings.
Changes will take effect for taxable years starting after December 31, 2023, offering more flexibility in health financial planning.
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Additional Information
Print number: 118_HR_5737
Sponsor: Rep. Van Duyne, Beth [R-TX-24]
Process start date: 2023-09-26
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Elevating HSA Limits Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_5737.

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 2023-09-26.

What are the main provisions?

Key points include:

  • Increased contribution limits for Health Savings Accounts (HSAs) for both self-only and family coverage.
  • New limits will match the deductible and out-of-pocket maximums, potentially allowing for greater healthcare savings.
  • Changes will take effect for taxable years starting after December 31, 2023, offering more flexibility in health financial planning.
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. Van Duyne, Beth [R-TX-24].

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 2025-12-25.

CATEGORIES

Health Taxes