H.R.5958: Senior Health Planning Account Act

About This Bill

Bill Cosponsors

2 (All Republicans)

Bill Version

Bill Summary

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.

(Source: Library of Congress)

Bill Actions

Date Description
Feb. 25, 2020
Referred to the House Committee on Ways and Means.
Feb. 25, 2020
Referred to the Subcommittee on Health.
Feb. 25, 2020

Introduced in the House by Brian Higgins (D-N.Y.)

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