Bill > HR720

This bill proposes to amend the Internal Revenue Code to restrict the use of tax-advantaged health accounts for abortion-related expenses. Specifically, the bill would prohibit Health Savings Accounts (HSAs), Archer Medical Savings Accounts (MSAs), Health Flexible Spending Arrangements (FSAs), Health Reimbursement Arrangements (HRAs), and Retiree Health Accounts from covering abortion costs, with two key exceptions: abortions resulting from rape or incest, and abortions necessary to save the life of the pregnant woman due to a life-endangering physical condition as certified by a physician. The changes would apply to taxable years beginning after December 31, 2025, meaning that from 2026 onward, these health accounts would be barred from reimbursing most abortion-related expenses. The bill, titled the "Protecting Life in Health Savings Accounts Act," aims to limit the use of tax-preferred health accounts for abortion services by narrowing the definition of qualified medical expenses.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/720/all-info