Bill > HR2959

This bill, the Health Savings Act of 2023, aims to improve access to health care through expanded health savings accounts (HSAs). Key provisions include: - Renaming "high deductible health plans" to "HSA-qualified health plans" to clarify terminology. - Allowing both spouses to make catch-up contributions to the same HSA account. - Expanding eligibility for HSAs to individuals enrolled in Medicare Part A, members of health care sharing ministries, and those with access to on-site medical clinics. - Permitting the use of HSA funds to purchase health insurance, including certain Medicare plans. - Providing special rules for medical expenses incurred before an HSA is established and for preventive care prescription drugs. - Enhancing coordination between HSAs, flexible spending accounts (FSAs), and health reimbursement arrangements (HRAs). - Increasing the maximum contribution limit for HSAs to match the deductible and out-of-pocket limitation. - Treating certain exercise equipment, fitness programs, nutritional supplements, and provider fees as qualified medical expenses. The overall goal of the bill is to make HSAs more accessible and flexible, allowing individuals greater control over their healthcare spending and planning.