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U.S. GOVERNMENT
INFORMATION
GPr
118TH CONGRESS REPORT
2d Session HOUSE OF REPRESENTATIVES 118-387
HSA MODERNIZATION ACT OF 2023
FEBRUARY 13, 2024.-Committed to the Committee of the Whole House on the State
of the Union and ordered to be printed
Mr. SMITH of Missouri, from the Committee on Ways and Means,
submitted the following
R E P O R T
together with
DISSENTING VIEWS
[To accompany H.R. 5687]
[Including cost estimate of the Congressional Budget Office]
The Committee on Ways and Means, to whom was referred the
bill (H.R. 5687) to amend the Internal Revenue Code of 1986 to
modernize health savings accounts, having considered the same, re-
ports favorably thereon with an amendment and recommends that
the bill as amended do pass.
CONTENTS
Page
I. SUMMARY AND BACKGROUND ............................................................. 4
A. Purpose and Sum m ary ..................................................................... 4
B. Background and Need for Legislation ............................................. 4
C. Legislative H istory ........................................................................... 5
D . Designated H earing ......................................................................... 5
II. EXPLANATION OF THE BILL .................................................................. . 6
A. Individuals Without Service-Connected Disability and Eligible
for Certain Veterans Benefits Permitted to Contribute to
Health Savings Accounts (sec. 2 of the bill and sec. 223 of
the C ode) ......................................................................................... 6
B. Individuals Entitled to Part A of Medicare by Reason of Age
Allowed to Contribute to Health Savings Accounts (sec. 3 of
the bill and sec. 223 of the Code) .................................................. 8
C. Individuals Eligible for Indian Health Service Assistance Not
Disqualified from Health Savings Accounts (sec. 4 of the bill
and sec. 223 of the Code) ............................................................... 9
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