Bill 118 hr 8049, also known as the Protecting Life in Health Savings Accounts Act, is a piece of legislation introduced in the US Congress. The main purpose of this bill is to prohibit the use of funds from Health Savings Accounts (HSAs) to pay for abortions.
The bill states that any funds in an HSA cannot be used to pay for abortion services, except in cases of rape, incest, or if the life of the mother is in danger. This restriction applies to both individual HSAs and employer-sponsored HSAs.
The bill also includes provisions to ensure that individuals are aware of these restrictions when opening or contributing to an HSA. It requires that HSA trustees provide written notice to account holders about the limitations on using HSA funds for abortion services.
Overall, the Protecting Life in Health Savings Accounts Act aims to uphold the sanctity of life by preventing the use of HSA funds for abortion services, except in certain circumstances. It seeks to ensure that individuals are informed about these restrictions and comply with the regulations outlined in the bill.