HSA flexibility: distributions during family leave and higher contribution limits
This legislation changes Health Savings Account (HSA) rules. First, it allows amounts paid or distributed from an HSA during a period of qualified caregiving (as defined by the FMLA) to be excluded from gross income. Second, it removes the requirement to have a High Deductible Health Plan (HDHP) to be an eligible individual for an HSA, while simultaneously raising the annual contribution limit to $9,000.
Key points
Allows HSA funds distributed during a period of qualified caregiving (related to FMLA) to be excluded from gross income.
Removes the requirement to have a High Deductible Health Plan (HDHP) to be eligible for an HSA.
The maximum annual contribution limit to an HSA is increased to $9,000 (and twice such amount for joint returns).
Status:
Introduced
Civic Will
Why does your vote on bills matter?
It creates raw, undeniable proof. Civic Will provides the permanent data to verify the Government's loyalty towards its citizens
(explained here).
Start recording it now.