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HR 5958 116th Congress House Taxation Aging Health care costs and insurance Income tax exclusion Life, casualty, property insurance Marriage and family status

Senior Health Planning Account Act

Introduced: October 13, 2020 See on congress.gov
This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 25, 2020
Referred to the House Committee on Ways and Means.
Feb 25, 2020
Referred to the Subcommittee on Health.
Feb 25, 2020
Introduced in House
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 Plain-English summary Congressional Research Service

Senior Health Planning Account Act

This bill allows tax-exempt senior health planning accounts that are funded using a taxpayer's gains from the sale or assignment of a life insurance contract. The bill excludes from gross income (1) the gains that are contributed to the accounts, and (2) distributions from the accounts that are used exclusively for the health care expenses of the account beneficiary or the account beneficiary's spouse.

What's happening now February 25, 2020

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5958: Senior Health Planning Account Act. 116th Congress. Open America. https://openamerica.io/bill/116-HR-5958/
MLA
"H.R. 5958: Senior Health Planning Account Act." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-5958/.
Bluebook (legal)
H.R. 5958, 116th Cong. (2026), https://openamerica.io/bill/116-HR-5958/.
Markdown link
[H.R. 5958: Senior Health Planning Account Act](https://openamerica.io/bill/116-HR-5958/)
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