US HB7242 | 2019-2020 | 116th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on June 18 2020 - 25% progression, died in committee
Action: 2020-06-18 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on June 18 2020 - 25% progression, died in committee
Action: 2020-06-18 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Modifies requirements for health savings accounts (HSAs) to allow payments from such accounts for gym memberships, home gym equipment, and dietary nutritional supplements. It also eliminates the prohibition against Medicare recipients participating in an HSA and the requirement that HSA participants be covered under a high deductible health plan.
Title
To amend the Internal Revenue Code of 1986 to permit expenditures from health savings accounts for gym memberships and costs of home gym equipment, to repeal the requirement that health plan be high deductible, and for other purposes.
Sponsors
| Rep. John Curtis [R-UT] | Rep. Kendra Horn [D-OK] |
History
| Date | Chamber | Action |
|---|---|---|
| 2020-06-18 | House | Referred to the House Committee on Ways and Means. |
| 2020-06-18 | House | Introduced in House |
Subjects
Health care costs and insurance
Income tax exclusion
Medicare
Nutrition and diet
Physical fitness and lifestyle
Sports and recreation facilities
Taxation
Income tax exclusion
Medicare
Nutrition and diet
Physical fitness and lifestyle
Sports and recreation facilities
Taxation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/house-bill/7242/all-info |
| Text | https://www.congress.gov/116/bills/hr7242/BILLS-116hr7242ih.pdf |
