HR. 74In Committee
Freedom for Families Act
Allow individuals to use health savings accounts without high deductible health plans, raise contribution limits, and make caregiving withdrawals tax free
Plain-English overview
What this bill does
Allow individuals to use health savings accounts without high deductible health plans, raise contribution limits, and make caregiving withdrawals tax free
Key points
- Allow HSA use without HDHPs
- Allow tax free caregiving withdrawals
- Increase HSA contribution limits
Current status
Where it stands
Status
In Committee
Latest action
2025-01-03 — Referred to the House Committee on Ways and Means.
Related context
Topics and policy areas
undefinedBank accounts, deposits, capitalHealth care costs and insuranceIncome tax deductionsIncome tax exclusionTaxation