Summary

                            A bill to amend the Internal Revenue Code of 1986 to expand the permissible use of health savings accounts to include health insurance payments and to increase the dollar limitation for contributions to health savings accounts, and for other purposes.

Introduced in Senate
Health Savings Account Expansion Act of 2017

This bill amends the Internal Revenue Code to modify the requirements for health
savings accounts (HSAs) to:

 *  increase the maximum contribution amounts, 
 *  permit the use of HSAs to pay health insurance premiums and direct primary
   care expenses, 
 *  repeal the restriction on using HSAs for over-the-counter medications, 
 *  eliminate the requirement that a participant in an HSA be enrolled in a high
   deductible health care plan, and 
 *  decrease the additional tax for HSA distributions not used for qualified
   medical expenses.



                        

Actions

  • Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S60-61)

    Jan 4th, 2017
  • Introduced in Senate

    Jan 4th, 2017