Search Results for keywords:"retiree health accounts"

Search Results: keywords:"retiree health accounts"

H. R. 720 — To amend the Internal Revenue Code of 1986 to prohibit treatment of certain distributions and reimbursements for certain abortions as qualified medical expenses.
January 24, 2025
Status:Introduced in House
Congress:119
Words:658
H.R. 720 proposes changes to the Internal Revenue Code of 1986 to prevent certain abortions from being classified as qualified medical expenses for tax purposes. Specifically, it forbids using funds from Health Savings Accounts (HSAs), Archer Medical Savings Accounts (MSAs), health flexible...
Simple Explanation
H.R. 720 wants to change the tax rules to say that people can't use certain savings accounts to pay for most abortions with just a few exceptions, like if the mom's life is in danger. This would start happening in the year 2026.
S. 251 — To amend the Internal Revenue Code of 1986 to prohibit treatment of certain distributions and reimbursements for certain abortions as qualified medical expenses.
January 24, 2025
Status:Introduced in Senate
Congress:119
Words:661
S. 251 proposes changes to the Internal Revenue Code of 1986 to ensure that Health Savings Accounts (HSAs), Archer Medical Savings Accounts (MSAs), health flexible spending arrangements, health reimbursement arrangements, and retiree health accounts do not consider expenses...
Simple Explanation
S. 251 is a bill that says money saved for health expenses can't be used to pay for some types of abortions, unless they are because of very serious reasons like danger to the mom's health or cases like rape. This change is supposed to start from the year 2026.

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