What does SAFE HARBOR FOR ABSENCE OF DEDUCTIBLE FOR MENTAL HEALTH of HR 548 do?

Amends Section 223(c)(2) of the Internal Revenue Code of 1986 Adds a safe harbor for absence of deductible for mental health services Applies to plan years beginning after December 31, 2025 Affects high deductible health plans with mental health benefits Allows plans to not have a deductible for up to $500 of mental health benefits

What does SPECIAL RULE FOR CERTAIN MEDICAL EXPENSES INCURRED BEFORE of HR 548 do?

Amends Section 223(d)(2) of the Internal Revenue Code of 1986 Adds a new subparagraph regarding certain medical expenses Applies to health savings accounts established within 60 days of high deductible health plan coverage Treats the account as established on the date coverage begins for qualified medical expense purposes Amendment applies to coverage beginning after December 31, 2025

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HSA Modernization Act — HR. 548

Last updated: 1/16/2025 · Introduced: 1/16/2025

Author: Beth Van Duyne (R-TX)

TL;DR (AI)

Allows high deductible health plans to waive deductibles for up to $500 in mental health services, starting in 2026.
Treats health savings accounts as established on the date of high deductible health plan coverage for individuals enrolling within 60 days, starting in 2026.
Modifies rules regarding qualified medical expenses for health savings accounts to account for enrollment timing.

119th Congressin committeeOfficial page

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Other Sections

Includes provisions on preamble, short title., and 9 more.

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