Bill > S380

This bill, the Health Savings Act of 2021, aims to improve access to healthcare through expanded health savings accounts (HSAs). The key provisions include: - Renaming "high deductible health plans" as "HSA-qualified health plans" to better reflect their purpose. - Allowing both spouses to make catch-up contributions to the same HSA account. - Expanding eligibility for HSAs to individuals covered by Indian Health Service assistance, health care sharing ministries, direct primary care arrangements, and on-site medical clinics. - Allowing HSA funds to be used for the purchase of health insurance, including Medicare (excluding Medigap plans), and clarifying the treatment of certain medical expenses incurred before an HSA is established. - Enhancing the interaction between HSAs and flexible spending arrangements (FSAs) and health reimbursement arrangements (HRAs) to improve coordination. - Increasing the maximum contribution limit for HSAs to match the deductible and out-of-pocket limitation amounts. - Treating certain fitness, exercise, nutritional, and primary care expenses as qualified medical expenses eligible for HSA reimbursement.

Budget and Finance

https://www.congress.gov/bill/117th-congress/senate-bill/380/all-info