Health Marketplace and Savings Accounts for All Act

This bill would change federal tax law on health savings accounts (HSAs). It would raise the yearly HSA contribution limit to match the 401(k) employee contribution limit, with extra catch-up amounts for people 50 or older, and would remove the requirement that people have a high-deductible health plan to contribute. It would let HSA money pay for health insurance, direct primary care fees, vitamins, dietary supplements, gym memberships, and wearable fitness trackers, and would let accounts pass to a child, parent, or grandparent at death. It would protect HSAs in bankruptcy the same way as individual retirement accounts. It would also let groups called health marketplace pools be treated as employers so they can offer group health coverage, including drug-only coverage, to their members.

Full text and official record on Congress.gov

Sponsors

• Rand Paul Republican sponsor
• 0 cosponsors