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HR 8473 116th Congress House Taxation Aging Bank accounts, deposits, capital Congressional oversight Disability and paralysis Government lending and loan guarantees Government studies and investigations Government trust funds Health care costs and insurance Income tax deductions Income tax exclusion Intergovernmental relations Life, casualty, property insurance Long-term, rehabilitative, and terminal care Marriage and family status Separation, divorce, custody, support State and local government operations Veterans' medical care Wages and earnings

Family First Medisave Empowerment Act

Introduced: October 1, 2020 See on congress.gov
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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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 1, 2020
Referred to the Committee on Ways and Means, and in addition to the Committee on Energy and Commerce, 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.
Oct 1, 2020
Introduced in House
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 Plain-English summary Congressional Research Service

Family First Medisave Empowerment Act

This bill creates tax-exempt Medisave accounts to pay the qualified medical expenses of account beneficiaries. The bill defines qualified medical expenses as the medical expenses of the taxpayer and the taxpayer's spouse and dependents that are not covered by insurance. The bill excludes amounts paid from a Medisave account from the gross income of an account beneficiary for income tax purposes.

The bill also allows a partially refundable tax credit, limited to $1,000 for all taxable years, for contributions to Medisave accounts made by certain low-income taxpayers before the end of the first year after the enactment of this bill.

The bill provides grants for providing fair and impartial information to consumers about Medisave accounts and facilitating enrollment in such accounts.

What's happening now October 1, 2020

Referred to the Committee on Ways and Means, and in addition to the Committee on Energy and Commerce, 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 2
  • S 4796 Related bill Fair Care Act of 2020
  • HR 8527 Related bill Fair Care Act of 2020
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Republican 1
R
Westerman, Bruce
Arkansas · Oct 1, 2020
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 8473: Family First Medisave Empowerment Act. 116th Congress. Open America. https://openamerica.io/bill/116-HR-8473/
MLA
"H.R. 8473: Family First Medisave Empowerment Act." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-8473/.
Bluebook (legal)
H.R. 8473, 116th Cong. (2026), https://openamerica.io/bill/116-HR-8473/.
Markdown link
[H.R. 8473: Family First Medisave Empowerment Act](https://openamerica.io/bill/116-HR-8473/)
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