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Bill > HR2177


US HR2177

US HR2177
Faith in Health Savings Accounts Act of 2019


summary

Introduced
04/09/2019
In Committee
04/09/2019
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

To amend the Internal Revenue Code of 1986 to make members of health care sharing ministries eligible to establish health savings accounts. This bill modifies the requirements for health savings accounts (HSAs) to treat membership in a tax-exempt health care sharing ministry as coverage under a high deductible health plan for purposes of the tax deduction for contributions to an HSA.

AI Summary

This bill amends the Internal Revenue Code to allow members of health care sharing ministries to establish health savings accounts (HSAs). Specifically, it treats membership in a health care sharing ministry as coverage under a high-deductible health plan, which is a requirement for contributing to an HSA. This change would make members of these ministries eligible to open and contribute to HSAs, which are tax-advantaged accounts used to pay for qualified medical expenses. The bill applies to taxable years beginning after the date of its enactment.

Committee Categories

Budget and Finance

Sponsors (25)

Last Action

Referred to the House Committee on Ways and Means. (on 04/09/2019)

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