Rep. Kat Cammack
U.S. Rep. Kat Cammack (R-FL) on July 25 led a bicameral bill that would expand eligibility for health savings accounts (HSAs) to help individuals and families better plan and pay for medical expenses, like in vitro fertilization (IVF).
“Building and growing a family is part of the American dream for millions in our country, but for too many parents and parents-to-be, IVF’s high costs put the option out of reach,” Rep. Cammack said. “By expanding HSA eligibility and increasing contribution limits for those HSAs, we’re pursuing solutions that will help make dreams reality.”
The congresswoman sponsored the Increasing Value for Families (IVF) with HSAs Act of 2024, H.R. 9141, alongside two GOP cosponsors, while U.S. Sen. Rick Scott (R-FL) introduced the same-named S. 4771 on July 25.
If enacted, the measure would decouple HSAs from high-deductible health plans, and double the current contribution limits on HSAs from $4,300 to $8,600 for individuals, and $8,550 to $17,100 for families, according to a bill summary provided by the lawmakers.
“I’m pleased to join Sen. Scott on this effort to support American families and look forward to growing the legislation’s support in the House,” said Rep. Cammack. “I’m proud of Florida legislators’ leadership on this issue and encourage my colleagues to join me in standing by our young families.”