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H.R. 5687, HSA Modernization Act of 2023 (CBO Report for Congress)

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Congress 118th
Date Requested Sept. 28, 2023
Requested By House Committee on Ways and Means
Date Sent Dec. 19, 2023
Description:
H.R. 5687 would increase contribution limits and expand eligibility for health savings accounts (HSAs)—tax-favored accounts used to cover medical expenses for people with high-deductible health plans (HDHPs). The bill also would modify certain coverage requirements for HDHPs. H.R. 5687 would take effect for tax years beginning after December 31, 2025.

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