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Bill > HR5774


US HR5774

US HR5774
To amend the Internal Revenue Code of 1986 to clarify the treatment of distributions from health savings accounts for long-term care services.


summary

Introduced
09/27/2023
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 clarify the treatment of distributions from health savings accounts for long-term care services.

AI Summary

This bill amends the Internal Revenue Code of 1986 to clarify that distributions from Health Savings Accounts (HSAs) can be used to pay for qualified long-term care services, as defined in Section 7702B(c) of the Code. The amendment applies to amounts paid after the date of the bill's enactment, and does not create any inference regarding amounts paid on or before that date.

Committee Categories

Budget and Finance, Health and Social Services

Sponsors (2)

Last Action

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

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