HR 8473
Family First Medisave Empowerment Act
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
The Family First Medisave Empowerment Act aims to create tax-exempt Medisave accounts for individuals and their families to pay qualified medical expenses. It consolidates existing health accounts and establishes rules for contributions, limitations, and tax treatment. The bill includes a partial tax credit for low-income taxpayers contributing to these accounts and provides grants for consumer education and enrollment assistance. It also modifies existing tax rules related to flexible spending accounts, Archer MSAs, and HSAs to allow for rollovers to Medisave accounts.
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Primary sponsor
Anthony Gonzalez
Cosponsor
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