Protecting Life in Health Savings Accounts Act
Taxation
house
senate
president
Introduced on April 17, 2024 by Alex X. Mooney
Cosponsors
Legislation Details
- Amends the Internal Revenue Code of 1986 to exclude certain abortion expenses from being treated as qualified medical expenses.
- Specifies that Health Savings Accounts (HSAs) and Archer Medical Savings Accounts (MSAs) cannot include amounts paid for abortions, except for “excluded abortions,” as qualified medical expenses.
- Defines “excluded abortions” as abortions in cases of rape or incest, or where a pregnancy endangers the woman’s life due to a physical disorder, injury, or illness, including conditions caused by the pregnancy itself, as certified by a physician.
- Applies similar restrictions to Health Flexible Spending Arrangements (FSAs) and Health Reimbursement Arrangements (HRAs), prohibiting reimbursements for abortions that do not meet the “excluded abortion” criteria.
- Extends the prohibition to retiree health accounts, disallowing expenses for non-excluded abortions as qualified medical expenses.
- Sets the effective date for these amendments as applicable to amounts paid and expenses incurred with respect to taxable years beginning after December 31, 2024.
Last updated 9/28/2024