Personalized Care Act: HSA Accounts

Liberty HealthShare members are encouraged to contact their Representatives and Senators in Washington, D.C. and urge them to support the Personalized Care Act of 2023.

Introduced by Representative Chip Roy of Texas and Senator Ted Cruz, also of Texas, the Personalized Care Act would help members of healthcare sharing ministries by expanding Health Savings Accounts (HSAs) and allowing funds in them to be used for monthly share amounts.

HSAs allow people to set aside money, tax free, to pay eligible medical expenses. Companies often make contributions to these plans for their employees.

Today, only people enrolled in a high-deductible health insurance plan are entitled to have an HSA. The Personalized Care Act would expand this by millions of Americans by increasing eligibility to include healthcare sharing ministry members as well as people who use Medicare, Medicaid, Children’s Health Insurance Program, medical indemnity plans, short-term insurance plans, and direct medical care.

In addition to being able to use HSA accounts for paying their monthly share amounts, people would be able to use them for direct medical care fees, insurance premiums, and over-the-counter medications.

Further, the legislation would increase an HSA’s contribution limit to $10,800 for an individual from the current $3,550 and to $29,500 for a family from the current $7,100.

In the House of Representatives, the bill number is HR 4803. It is co-sponsored by Representatives Dan Bishop (North Carolina), Daniel Meuser (Pennsylvania), Ralph Norman (South Carolina), Andy Biggs (Arizona), Victoria Spartz (Indiana), Matt Gaetz (Florida), Paul Gosar (Arizona), David Rouzer (North Carolina), Harriet Hageman (Wyoming), Bob Good (Virginia), Thomas 
Tiffany (Wisconsin), Nancy Mace (South Carolina), Roger Williams (Texas), and Brian Babin (Texas).

In the Senate, the bill number is S2621. It is co-sponsored by Senators James Risch (Idaho) and Mike Braun (Indiana).

To contact your representative, go to https://www.house.gov/representatives/find-your-representative and put in your ZIP Code. You will see information about how to contact them.

To contact your senators, go to https://www.senate.gov/senators/senators-contact.htm and put in your state. You will see information about how to contact them.