Bill > HR6271

This bill, the Health Savings Act of 2021, aims to improve access to healthcare through expanded health savings accounts (HSAs). Key provisions of the bill include: - Renaming "high deductible health plans" as "HSA-qualified health plans" to provide clarity. - Allowing both spouses to make catch-up contributions to the same HSA account. - Expanding eligibility for HSAs to include individuals enrolled in Medicare Part A, those eligible for Indian Health Service assistance, members of health care sharing ministries, and those with access to on-site medical clinics. - Allowing HSA funds to be used for the purchase of health insurance, including Medicare (except for Medigap policies). - Providing special rules for certain medical expenses incurred before the establishment of an HSA, and clarifying the use of preventive care drugs and medicines. - Enhancing the interaction between HSAs, flexible spending accounts (FSAs), and health reimbursement arrangements (HRAs). - Providing bankruptcy protections for HSAs similar to those for retirement funds. - Increasing the maximum contribution limit for HSAs to the amount of the deductible and out-of-pocket limitation. - Allowing certain exercise equipment, fitness programs, and nutritional supplements to be treated as qualified medical expenses.

Budget and Finance, Government Affairs, Health and Social Services

https://www.congress.gov/bill/117th-congress/house-bill/6271/all-info