Bill > HR9160

This bill, the Healthcare Freedom Act of 2022, aims to amend the Internal Revenue Code to create "health freedom accounts" that are available to all individuals, regardless of eligibility. The key provisions of the bill include: 1. Renaming "health savings accounts" to "health freedom accounts" throughout the relevant sections of the tax code. 2. Allowing all individuals, not just those deemed "eligible," to deduct contributions to their health freedom accounts. 3. Expanding the definition of "qualified medical expenses" to include costs associated with direct primary care, health care sharing ministries, and medical cost sharing organizations. 4. Increasing the annual contribution limit for health freedom accounts to $12,000 for individual filers and $24,000 for joint filers. 5. Excluding from taxable income any employer contributions made to their employees' health freedom accounts. The bill is designed to provide more flexibility and choice for individuals in how they manage their healthcare expenses and coverage.