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Simplify and Expand Health Savings Accounts Act
12/19/2024, 9:07 AM
Summary of Bill HR 6857
Bill 118 hr 6857, also known as the Simplify and Expand Health Savings Accounts Act, aims to make changes to the current laws surrounding Health Savings Accounts (HSAs) in the United States.
The bill proposes several key changes to HSAs, including increasing the annual contribution limits for individuals and families, allowing for catch-up contributions for individuals over the age of 55, and expanding the list of eligible medical expenses that can be paid for using HSA funds.
Additionally, the bill seeks to simplify the rules and regulations surrounding HSAs, making it easier for individuals to understand and utilize these accounts for their healthcare needs. Overall, the Simplify and Expand Health Savings Accounts Act aims to make HSAs more accessible and beneficial for individuals and families, providing them with greater flexibility and control over their healthcare expenses.
The bill proposes several key changes to HSAs, including increasing the annual contribution limits for individuals and families, allowing for catch-up contributions for individuals over the age of 55, and expanding the list of eligible medical expenses that can be paid for using HSA funds.
Additionally, the bill seeks to simplify the rules and regulations surrounding HSAs, making it easier for individuals to understand and utilize these accounts for their healthcare needs. Overall, the Simplify and Expand Health Savings Accounts Act aims to make HSAs more accessible and beneficial for individuals and families, providing them with greater flexibility and control over their healthcare expenses.
Read the Full Bill
Current Status of Bill HR 6857
Bill HR 6857 is currently in the status of Bill Introduced since December 19, 2023. Bill HR 6857 was introduced during Congress 118 and was introduced to the House on December 19, 2023. Bill HR 6857's most recent activity was Referred to the Subcommittee on Health. as of December 17, 2024
Bipartisan Support of Bill HR 6857
Total Number of Sponsors
2Democrat Sponsors
0Republican Sponsors
2Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 6857
Primary Policy Focus
TaxationAlternate Title(s) of Bill HR 6857
Simplify and Expand Health Savings Accounts Act
Simplify and Expand Health Savings Accounts Act
To amend the Internal Revenue Code of 1986 to modernize health savings accounts, and for other purposes.
Comments
Zaniyah Beard
1,136
1 year ago
I don't think this bill is gonna help much. Seems like it's just gonna make things more complicated. I'm not sure how this is gonna benefit anyone in the long run. Just seems like a lot of unnecessary changes. #HRBill6857 #HealthSavingsAccountsAct
Sponsors and Cosponsors of HR 6857
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