Personalized Care Act of 2023

This bill expands Health Savings Account (HSA) eligibility to cover more health plans and health care sharing ministries, allowing individuals with these plans to contribute to HSAs. It significantly increases annual HSA contribution limits to $10,800 for individuals and $29,500 for families (up from $3,850/$7,750), effective 2024. The bill also permits HSA funds to pay for periodic provider fees and health care sharing ministry costs (including administrative fees), and reduces penalties for non-qualified distributions to 10%. These changes directly affect HSA account holders who use non-traditional health coverage or share medical expenses through ministries.