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S. 3112

BillFederalSenateIn Committee
A bill to amend the Internal Revenue Code of 1986 to expand and improve health savings accounts, and for other purposes.
About This Bill
Committee
Latest Action · December 19, 2019
Read twice and referred to the Committee on Finance.
Congress
116th (2019–2021)
Introduced
December 19, 2019
Cosponsors (3)
0D 3R
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Summary

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Personalized Care Act of 2019 This bill revises provisions relating to health savings accounts (HSAs), including to redefine eligible individual for HSA purposes to allow increased participation in HSAs, increase the limit on contributions to HSAs, permit the payment of health insurance premiums from HSAs, include within the definition of qualified medical expenses periodic fees paid for medical services and amounts paid by a member of a health care sharing ministry, treat periodic provider fees as deductible medical expenses, allow payment of over-the-counter medicines or drugs from HSAs, and lower the 20% penalty for nonqualified distributions from HSAs to 10%. .

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