HR 5137
117th 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: August 31, 2021
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 31, 2021
Referred to the House Committee on Ways and Means.
Aug 31, 2021
Introduced in House
Plain-English summary
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
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1