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Politiparty

118th Congress Taxation

S. 2621: Personalized Care Act of 2023

Introduced

  1. Introduced (completed)Jul 27, 2023
  2. Passed Senate (not reached)
  3. Passed House (not reached)
  4. To the President (not reached)
  5. Became law (not reached)

Summary

Introduced in Senate, Jul 27, 2023

This bill revises provisions relating to health savings accounts (HSAs), including to

  • redefine eligible individual for HSA purposes to allow increased participation in HSAs,
  • increase the limit on contributions to HSAs,
  • permit the payment of health insurance premiums from HSAs,
  • include within the definition of qualified medical expenses periodic fees paid for medical services and amounts paid by a member of a health care sharing ministry,
  • treat periodic provider fees as deductible medical expenses, and
  • lower the 20% penalty for nonqualified distributions from HSAs to 10%.

Written by the Congressional Research Service, Library of Congress.

Roll calls

0 votes on this bill

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Amendments

0 offered

No amendments were offered to this bill.

Cosponsors

2

Who scored on this bill

0 points earned

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Other bills by Ted Cruz

History

  1. Jul 27, 2023Introduced in the Senate by Ted Cruz.
Show the full action history (2 actions)
  1. Jul 27, 2023Introduced in Senate
  2. Jul 27, 2023Read twice and referred to the Committee on Finance.