This bill would prohibit the use of Health Savings Accounts (HSAs), Archer Medical Savings Accounts, and other tax-advantaged health accounts from paying for most abortion expenses. The legislation creates narrow exceptions allowing these accounts to cover abortions only in cases of rape or incest, or when the pregnancy poses a physical threat to the woman's life as certified by a physician. The bill affects any individual or employer using these tax-advantaged health savings and spending accounts to cover medical expenses. The restrictions would take effect for expenses incurred in taxable years beginning after December 31, 2024, preventing account holders from using pre-tax dollars to reimburse or pay for abortion procedures outside of the specified exceptions.
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