# 116-hr-5958: Senior Health Planning Account Act

116-hr-5958, Senior Health Planning Account Act, is a 116th Congress bill sponsored by Rep. Higgins, Brian [D-NY-26] (D-NY); status Referred to the House Committee on Ways and Means. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/116-hr-5958
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 116-hr-5958
- Congress: 116
- Title: Senior Health Planning Account Act
- Status: Referred to the House Committee on Ways and Means.
- Introduced: 2020-02-25
- Sponsor: Rep. Higgins, Brian [D-NY-26] (D-NY)
- Cosponsors: 2
- Policy area: Taxation
- Touches household money: no
- Last recorded action: 2025-11-18

## 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.

## Cosponsors (2)

- Rep. Steube, W. Gregory [R-FL-17] (R-FL), 2020-02-25T00:00:00.000Z
- Rep. Holding, George [R-NC-2] (R-NC), 2020-10-13T00:00:00.000Z

## Related bills

- 116-hr-8662: Accelerating Access to Critical Therapies for ALS Act
- 116-hr-5826: Consumer Protections Against Surprise Medical Bills Act of 2020
- 116-hr-4305: PAWS for Veterans Therapy Act
- 116-hr-1865: Further Consolidated Appropriations Act, 2020
- 116-hr-748: CARES Act
- 116-hr-724: PACT Act

## Sources
- [116-hr-5958 on Congress.gov](https://www.congress.gov/bill/116th-congress/house-bill/5958)

## Related
- [116-hr-8662: Accelerating Access to Critical Therapies for ALS Act](https://policyrisk.com/legislation/116-hr-8662)
- [116-hr-5826: Consumer Protections Against Surprise Medical Bills Act of 2020](https://policyrisk.com/legislation/116-hr-5826)
- [116-hr-4305: PAWS for Veterans Therapy Act](https://policyrisk.com/legislation/116-hr-4305)
- [116-hr-1865: Further Consolidated Appropriations Act, 2020](https://policyrisk.com/legislation/116-hr-1865)
- [116-hr-748: CARES Act](https://policyrisk.com/legislation/116-hr-748)
- [116-hr-724: PACT Act](https://policyrisk.com/legislation/116-hr-724)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/116-hr-5958 (as of 2025-11-18).