Search Results: keywords:"hsa eligibility"

  • S. 4771 — To amend the Internal Revenue Code of 1986 to expand eligibility for health savings accounts, and for other purposes.
    💰
    Status:Introduced in Senate
    Words:879

    S. 4771 proposes changes to the Internal Revenue Code of 1986 to make more people eligible for Health Savings Accounts (HSAs). Currently, only those with high deductible health plans can have HSAs, but the bill changes that to include anyone with any health insurance....

    Simple Explanation

    S. 4771 is a bill that wants to let more people use special savings accounts to save money for medical expenses, even if they don't have a specific kind of insurance. It also wants people to be able to save more money each year in these accounts.

  • H. R. 9141 — To amend the Internal Revenue Code of 1986 to expand eligibility for health savings accounts, and for other purposes.
    💰
    Status:Introduced in House
    Words:894

    H.R. 9141, titled the "Increasing Value for Families with HSAs Act of 2024," seeks to change the Internal Revenue Code to allow more people to qualify for health savings accounts (HSAs). Currently, only individuals with a high deductible health plan qualify, but this bill...

    Simple Explanation

    In this bill, Congress wants to make it so more people can use special savings accounts for health care by allowing anyone with insurance to join, not just those with certain plans. They also want to let people save a lot more money in these accounts each year.