What is the current status of HR 1157?

HR 1157 is currently: In Senate.

Who sponsored HR 1157?

HR 1157 was sponsored by Greg Steube (R), Rep.

Health Savings Account Contribution Bill

IntroducedFebruary 10, 2025

In Senate1 year ago

Intro

House

Senate

Pres

Sitting in the Senate Ways and Means Committee.

Most bills stop at this point and never get a vote.

Why This Matters

This bill lets people with certain health insurance plans receive money directly into their health savings accounts instead of lower out-of-pocket costs. It aims to give individuals more control over their healthcare spending.

If you have a high deductible health plan, you could receive monthly contributions to your health savings account instead of lower costs for medical services.

Who this affects

Individuals with high deductible plans · Health savings account users

What changes is this bill making?

1This bill allows people with high deductible health plans to choose health savings account contributions instead of reduced cost-sharing.
2Insurance companies will make monthly payments to individuals' health savings accounts based on their reduced cost-sharing amounts.
3The government will reimburse insurance companies for these payments to individuals' health savings accounts.
4Individuals must use a special debit card for medical expenses when they receive these payments.
5The bill sets rules to ensure that funds in health savings accounts are used only for qualified medical expenses.

Last changed 2 months ago · checked hourly

Health Savings Account Contribution Bill

IntroducedFebruary 10, 2025

In Senate1 year ago

Intro

House

Senate

Pres

Sitting in the Senate Ways and Means Committee.

Most bills stop at this point and never get a vote.

Why This Matters

If you have a high deductible health plan, you could receive monthly contributions to your health savings account instead of lower costs for medical services.

Who this affects

Individuals with high deductible plans · Health savings account users

What changes is this bill making?

1This bill allows people with high deductible health plans to choose health savings account contributions instead of reduced cost-sharing.
2Insurance companies will make monthly payments to individuals' health savings accounts based on their reduced cost-sharing amounts.
3The government will reimburse insurance companies for these payments to individuals' health savings accounts.
4Individuals must use a special debit card for medical expenses when they receive these payments.
5The bill sets rules to ensure that funds in health savings accounts are used only for qualified medical expenses.

Last changed 2 months ago · checked hourly