Bill > S251

This bill aims to modify the Internal Revenue Code to restrict the use of certain tax-advantaged health accounts for abortion-related expenses. Specifically, the bill prohibits 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 serious physical health condition as certified by a physician. Under this legislation, any abortion expenses outside these narrow exceptions would not be considered qualified medical expenses and thus would not be eligible for tax-free reimbursement or payment from these health accounts. The changes would take effect for taxable years beginning after December 31, 2025, giving organizations and individuals time to adjust to the new restrictions. The bill is titled the "Protecting Life in Health Savings Accounts Act" and represents an effort to limit financial support for abortions through tax-advantaged health spending accounts.

Budget and Finance

https://www.congress.gov/bill/119th-congress/senate-bill/251/all-info