- Stage
- In committee
- Started in
- House
- Sponsors
- 19
- Latest action
- Feb 4, 2025
What it does
The HOPE Act of 2025 would create tax-advantaged HOPE Accounts to help individuals pay for qualified medical expenses, similar to health savings accounts but with distinct rules. These accounts would be available to eligible individuals who have minimum essential coverage or Indian Health Service coverage and do not contribute to other tax-advantaged health accounts like FSAs or HSAs during the same month. Contributions to HOPE Accounts would not be tax-deductible, but certain low- and moderate-income individuals could exclude contributions from gross income, while earnings grow tax-free and distributions for qualified medical expenses are tax-free; non-medical distributions would be…
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
Where it goes next
While a bill can still move, the questions are about people and money.