Advancing Health Savings Act of 2023
Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.
Advancing Health Savings Act of 2023
This bill excludes from taxable income any distributions from a health savings account (HSA) used to pay qualified medical expenses incurred before the HSA is established if the HSA is established within 60 days from the first day of coverage under a high-deductible health plan (HDHP).
Under current law, distributions from an HSA established in connection with a HDHP are excluded from taxable income if used to pay qualified medical expenses incurred on or after the date that the HSA is established. However, under current law, HSA distributions are taxable if used to pay otherwise qualified medical expenses incurred after enrolling in an HDHP but before establishing an HSA.
Under the bill, an HSA that is established within 60 days of the first day of coverage under an HDHP is treated as being established on the first date that coverage begins under the HDHP.
Referred to the Subcommittee on Health.
- Introduced in House Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). H.R. 5690: Advancing Health Savings Act of 2023. 118th Congress. Open America. https://openamerica.io/bill/118-HR-5690/
"H.R. 5690: Advancing Health Savings Act of 2023." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-5690/.
H.R. 5690, 118th Cong. (2026), https://openamerica.io/bill/118-HR-5690/.
[H.R. 5690: Advancing Health Savings Act of 2023](https://openamerica.io/bill/118-HR-5690/)