Search Results for keywords:"qualified medical expenses"

Search Results: keywords:"qualified medical expenses"

H. R. 8599 — To amend the Internal Revenue Code of 1986 to include over-the-counter oral healthcare products as qualified medical expenses which can be purchased with HSA and FSA funds.
June 03, 2024
Status:Introduced in House
Congress:118
Words:513
H.R. 8599, known as the "Oral Health Products Inclusion Act," aims to change the Internal Revenue Code of 1986. It proposes that over-the-counter oral healthcare products such as toothbrushes, water flossers, and certain dental care items should be classified as qualified...
Simple Explanation
H.R. 8599 is like a new rule that lets people use special savings accounts, called HSAs or FSAs, to buy things like toothbrushes and water sprayers for their teeth. It makes it easier to use these savings to take care of your teeth!
H. R. 8049 — To amend the Internal Revenue Code of 1986 to prohibit treatment of certain distributions and reimbursements for certain abortions as qualified medical expenses.
April 17, 2024
Status:Introduced in House
Congress:118
Words:664
H.R. 8049, titled the “Protecting Life in Health Savings Accounts Act,” seeks to amend the Internal Revenue Code of 1986. The bill proposes that distributions and reimbursements for certain abortions should not be considered qualified medical expenses, except in cases involving rape, incest,...
Simple Explanation
H.R. 8049 wants to change the rules so that if people use certain savings accounts to pay for some types of abortions, those payments wouldn't count as normal medical expenses. But, if the abortion is needed because of rape, incest, or to save the woman's life, then it's okay.
S. 3608 — To amend the Internal Revenue Code of 1986 to prohibit treatment of certain distributions and reimbursements for certain abortions as qualified medical expenses.
January 17, 2024
Status:Introduced in Senate
Congress:118
Words:650
S. 3608, titled the "Protecting Life in Health Savings Accounts Act," seeks to amend the Internal Revenue Code of 1986 to change how certain abortion-related expenses are treated. The bill would prohibit health savings accounts (HSAs), Archer medical savings accounts (MSAs), health flexible...
Simple Explanation
The bill says that certain types of money people use for healthcare can't pay for abortions unless they are necessary because of really serious reasons, like if the baby or mom is in danger.
S. 5297 — To amend the Internal Revenue Code of 1986 to increase the limitations on contributions to health savings accounts, and for other purposes.
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November 12, 2024
Status:Introduced in Senate
Congress:118
Words:3,315
The bill S. 5297, titled the “Health Savings Accounts For All Act of 2024,” proposes amendments to the Internal Revenue Code of 1986 to raise the contribution limits for health savings accounts (HSAs). It introduces additional contributions for individuals aged 50 and older,...
Simple Explanation
The bill wants to let people save more money in their Health Savings Accounts for medical bills and adds some extra things they can spend this money on, like vitamins and gym memberships. It also makes it easier to fix money mistakes and lets families pass these accounts to their kids or parents if needed.

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