HR 8032
116th Congress
House
Taxation
Bankruptcy
Employee benefits and pensions
Health care costs and insurance
Income tax deductions
Marriage and family status
Prescription drugs
Tax administration and collection, taxpayers
Tax treatment of families
Temporary and part-time employment
Health Savings Accounts For All Act of 2020
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 14, 2020
Referred to the Committee on Ways and Means, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Aug 14, 2020
Introduced in House
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Plain-English summary
Health Savings Accounts For All Act of 2020
This bill revises provisions relating to health savings accounts (HSAs). Specifically, the bill
- repeals the annual limitation on tax-deductible contributions to HSAs by plan participants and their employers;
- eliminates the requirement that an HSA participant must be enrolled in a high deductible health plan as a condition of eligibility;
- expands qualified medical expenses to include prescription and over-the-counter drugs;
- allows payments from HSAs for health insurance premiums;
- allows payment of medical expenses incurred prior to the establishment of an HSA and correction of administrative errors prior to the due date of an applicable tax return;
- allows a tax-free rollover of amounts in an HSA, upon the death of an account holder, to the account holder's child, parent, or grandparent; and
- extends bankruptcy protections to HSAs on the same basis as tax-preferred retirement plans.
What's happening now
Referred to the Committee on Ways and Means, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Related & companion bills
1
Bill text
1 version
- Introduced in House Formatted Text PDF Formatted XML
Committees of jurisdiction
2
Cite this page
U.S. Congress. (2026). H.R. 8032: Health Savings Accounts For All Act of 2020. 116th Congress. Open America. https://openamerica.io/bill/116-HR-8032/
"H.R. 8032: Health Savings Accounts For All Act of 2020." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-8032/.
H.R. 8032, 116th Cong. (2026), https://openamerica.io/bill/116-HR-8032/.
[H.R. 8032: Health Savings Accounts For All Act of 2020](https://openamerica.io/bill/116-HR-8032/)