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H4941 • 2025

An Act relative to health savings accounts

An Act relative to health savings accounts

Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor
Financial Services (J)
Last action
2026-01-23
Official status
Referred to Joint Committee on Health Care Financing
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

An Act relative to health savings accounts

An Act relative to health savings accounts Status: Referred to Joint Committee on Health Care Financing

What This Bill Does

  • An Act relative to health savings accounts Status: Referred to Joint Committee on Health Care Financing

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2026-01-23 House

    Reported from the committee on Financial Services

  2. 2026-01-23 House

    New draft of H1185

  3. 2026-01-23 House

    Reported favorably by committee and referred to the committee on Health Care Financing

Official Summary Text

An Act relative to health savings accounts
Status:
Referred to Joint Committee on Health Care Financing

Current Bill Text

Read the full stored bill text
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Bill H.4941

SECTION 1. Chapter 176O of the General Laws is hereby amended by inserting after section 30 the following section:-

Section 31. (a) As used in this section, "health savings account-qualified health insurance policy" means a policy of individual or group health insurance coverage that satisfies the criteria for a high deductible health plan under 26 U.S.C. § 223.

(b) A health savings account-qualified health insurance policy is exempt from a prohibition on cost-sharing requirements for a covered benefit that is required under state law to the extent the exemption is necessary to meet the criteria for a health savings account-qualified health insurance policy.

(c) This section does not apply to any coverage required by state law that pertains to preventive care as defined by regulation or guidance issued by the United States Department of the Treasury under 26 U.S.C. § 223, with respect to any health savings account-qualified health insurance policy issued, delivered, amended, or renewed while the regulation or guidance issued by the United States Department of the Treasury is effective.

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