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S. 2621 118th Congress Senate

Personalized Care Act of 2023

Official title: A bill to amend the Internal Revenue Code of 1986 to expand and improve health savings accounts, and for other purposes.

Introduced: July 27, 2023 Introduced by: Ted Cruz Republican · Texas See on congress.gov
Taxation
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) 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
Jul 27, 2023
Read twice and referred to the Committee on Finance.
Jul 27, 2023
Introduced in Senate
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 Latest action July 27, 2023

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

Personalized Care Act of 2023

This bill revises provisions relating to health savings accounts (HSAs), including to

  • redefine eligible individual for HSA purposes to allow increased participation in HSAs,
  • increase the limit on contributions to HSAs,
  • permit the payment of health insurance premiums from HSAs,
  • include within the definition of qualified medical expenses periodic fees paid for medical services and amounts paid by a member of a health care sharing ministry,
  • treat periodic provider fees as deductible medical expenses, and
  • lower the 20% penalty for nonqualified distributions from HSAs to 10%.
 Related & companion bills 1
  • HR 4803 Identical bill Personalized Care Act of 2023
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Risch, James E.
Idaho · Jul 27, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2621: Personalized Care Act of 2023. 118th Congress. Open America. https://openamerica.io/bill/118-S-2621/
MLA
"S. 2621: Personalized Care Act of 2023." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-S-2621/.
Bluebook (legal)
S. 2621, 118th Cong. (2026), https://openamerica.io/bill/118-S-2621/.
Markdown link
[S. 2621: Personalized Care Act of 2023](https://openamerica.io/bill/118-S-2621/)
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