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To amend the Internal Revenue Code of 1986 to permit expenditures from health savings accounts for gym memberships and costs of home gym equipment, to repeal the requirement that health plan be high deductible, and for other purposes.
2/9/2022, 3:42 AM
Congressional Summary of HR 7242
This bill modifies requirements for health savings accounts (HSAs) to allow payments from such accounts for gym memberships, home gym equipment, and dietary nutritional supplements. It also eliminates the prohibition against Medicare recipients participating in an HSA and the requirement that HSA participants be covered under a high deductible health plan.
Read the Full Bill
Current Status of Bill HR 7242
Bill HR 7242 is currently in the status of Bill Introduced since June 18, 2020. Bill HR 7242 was introduced during Congress 116 and was introduced to the House on June 18, 2020. Bill HR 7242's most recent activity was Referred to the House Committee on Ways and Means. as of June 18, 2020
Bipartisan Support of Bill HR 7242
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
1Democrat Cosponsors
1Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 7242
Primary Policy Focus
TaxationPotential Impact Areas
- Health care costs and insurance
- Income tax exclusion
- Medicare
- Nutrition and diet
- Physical fitness and lifestyle
- Sports and recreation facilities
Alternate Title(s) of Bill HR 7242
To amend the Internal Revenue Code of 1986 to permit expenditures from health savings accounts for gym memberships and costs of home gym equipment, to repeal the requirement that health plan be high deductible, and for other purposes.
To amend the Internal Revenue Code of 1986 to permit expenditures from health savings accounts for gym memberships and costs of home gym equipment, to repeal the requirement that health plan be high deductible, and for other purposes.
Comments
Sponsors and Cosponsors of HR 7242
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