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Bill > HR5709


US HR5709

US HR5709
To amend the Internal Revenue Code of 1986 to allow individuals entitled to Medicare Part A to make contributions to health savings accounts.


summary

Introduced
09/26/2023
In Committee
12/17/2024
Crossed Over
Passed
Dead
01/03/2025

Introduced Session

118th Congress

Bill Summary

A BILL To amend the Internal Revenue Code of 1986 to allow individuals entitled to Medicare Part A to make contributions to health savings accounts.

AI Summary

This bill amends the Internal Revenue Code of 1986 to allow individuals entitled to Medicare Part A, which provides hospital insurance benefits, to make contributions to Health Savings Accounts (HSAs). The bill also makes related changes to the treatment of health insurance purchased from an HSA account and the coordination with the penalty on distributions not used for qualified medical expenses. These changes would apply to tax years ending after December 31, 2023.

Committee Categories

Budget and Finance, Health and Social Services

Sponsors (6)

Last Action

Referred to the Subcommittee on Health. (on 12/17/2024)

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