CONGRESS FOR VOTERS

RepublicanBill · H.R. 955· House(119-HR-955)

HOPE Act of 2025

Rep. Moore
Age: 46 years
Utah
Introduced
2/4/2025
Last activity
2/4/2025 — Referred to the House Committee on Ways and Means.
Sponsored by
Blake Moore
Cosponsors
Republican - 9Democrat - 9
Taxation
  1. Introduced
  2. In Committee

What this bill would do

This bill, known as the "Health Out-of-Pocket Expense Act of 2025," proposes to create "HOPE Accounts" to help people pay for medical costs. These accounts are special trusts established to pay for the qualified medical expenses of an account beneficiary. The bill outlines specific rules for how these accounts are managed, who can use them, and how much money can be contributed. It establishes monthly contribution limits based on coverage types and provides tax exemptions for certain contributions and distributions. The rules also include requirements for trustees and specific conditions for being an eligible individual. These changes are intended to reform health provisions within the Internal Revenue Code.

Yes· 3 of 11

  • Would middle-income households be better off under this?+5

    The bill offers significant tax advantages for medical spending for those earning under $100,000 or $200,000.

  • Does this cut taxes for middle-income families?+5

    The bill allows for tax-exempt contributions to HOPE accounts for individuals earning up to $100,000 or $200,000 for married couples.

  • Would households on low incomes be better off under this?+4

    The tax-exempt treatment of contributions and distributions helps low-to-middle income earners manage healthcare costs.

The opposite

  • Would high-income households be better off under this?-2

    The primary tax benefits of the HOPE account are restricted to those earning below certain income thresholds.