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Senior Health Planning Account Act

USA117th CongressHR-5137| House 
| Updated: 8/31/2021
Brian Higgins

Brian Higgins

Democratic Representative

New York

Cosponsors (2)
Dwight Evans (Democratic)Tom Reed (Republican)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Senior Health Planning Account Act This bill allows tax-exempt senior health planning accounts that are funded using a taxpayer's gains from the sale or assignment of a life insurance contract. The bill excludes from gross income (1) the gains that are contributed to the accounts, and (2) distributions from the accounts that are used exclusively for the health care expenses of the account beneficiary or the account beneficiary's spouse.
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Timeline

Bill from Previous Congress

HR 116-5958
Senior Health Planning Account Act
Aug 31, 2021
Introduced in House
Aug 31, 2021
Referred to the House Committee on Ways and Means.
  • Bill from Previous Congress

    HR 116-5958
    Senior Health Planning Account Act


  • August 31, 2021
    Introduced in House


  • August 31, 2021
    Referred to the House Committee on Ways and Means.

Taxation

AgingHealth care costs and insuranceIncome tax exclusionLife, casualty, property insuranceMarriage and family status

Senior Health Planning Account Act

USA117th CongressHR-5137| House 
| Updated: 8/31/2021
Senior Health Planning Account Act This bill allows tax-exempt senior health planning accounts that are funded using a taxpayer's gains from the sale or assignment of a life insurance contract. The bill excludes from gross income (1) the gains that are contributed to the accounts, and (2) distributions from the accounts that are used exclusively for the health care expenses of the account beneficiary or the account beneficiary's spouse.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HR 116-5958
Senior Health Planning Account Act
Aug 31, 2021
Introduced in House
Aug 31, 2021
Referred to the House Committee on Ways and Means.
  • Bill from Previous Congress

    HR 116-5958
    Senior Health Planning Account Act


  • August 31, 2021
    Introduced in House


  • August 31, 2021
    Referred to the House Committee on Ways and Means.
Brian Higgins

Brian Higgins

Democratic Representative

New York

Cosponsors (2)
Dwight Evans (Democratic)Tom Reed (Republican)

Ways and Means Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
AgingHealth care costs and insuranceIncome tax exclusionLife, casualty, property insuranceMarriage and family status