IVF with HSAs Act of 2024

Paragraph (1) of section 223(c) of the Internal Revenue Code of 1986 is amended to read as follows:

The term eligible individual means, with respect to any month, any individual if such individual is covered under any health insurance coverage as of the 1st day of such month.

(1) Subsection (c) of section 223 of the Internal Revenue Code of 1986 is amended by striking paragraphs (2) and (3) and by redesignating paragraphs (4) and (5) as paragraphs (2) and (3), respectively.

(2) Paragraphs (2)(A) and (2)(B) of section 223(b) of such Code are each amended by striking a high deductible health plan and inserting any health insurance coverage.

(3) Paragraph (8)(A)(ii) of section 223(b) of such Code is amended by striking high deductible health plan and inserting health insurance coverage.

(4) Section 223(g)(1) of such Code is amended—

(A) by striking subsections (b)(2) and (c)(2)(A) both places it appears and inserting subsection (b)(2), and

(B) by striking for calendar year 2016 in subparagraph (B) and all that follows through calendar year 2003. and inserting calendar year 1997 for calendar year 2016 in subparagraph (A)(ii) thereof..

(5) The heading of subparagraph (B) of section 223(b)(8) of such Code is amended by striking high deductible health plan.

(6) Section 26(b)(2)(S) of such Code is amended by striking high deductible health plan.

(7) The heading of paragraph (3) of section 106(e) of such Code is amended by striking high deductible health plan.

(8) Clause (ii) of section 106(e)(5)(B) of such Code is amended by striking a high deductible health plan and inserting any health insurance coverage.

(9) Paragraph (9) of section 408(d) of such Code is amended—

(A) by striking high deductible health plan in subparagraph (C)(i)(I) and inserting health insurance,

(B) by striking coverage under a high deductible health plan both places it appears in subparagraph (C)(ii)(II) and inserting health insurance coverage, and

(C) by striking high deductible health plan in the heading of subparagraph (D).

The amendments made by this section shall apply to taxable years beginning after December 31, 2024.

Paragraph (2) of section 223(b) of the Internal Revenue Code of 1986, as amended by this Act, is further amended—

(1) by striking $2,250 in subparagraph (A) and inserting $8,600, and

(2) by striking $4,500 in subparagraph (B) and inserting $17,100.

Paragraph (1) of section 223(g) of the Internal Revenue Code of 1986, as amended by this Act, is further amended—

(1) by striking Each and inserting In the case of a taxable year beginning after 2025, each, and

(2) by striking calendar year 1997 and inserting calendar year 2024.

The amendments made by this section shall apply to taxable years beginning after December 31, 2024.