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.
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S60-61)Jan 4th, 2017
Introduced in SenateJan 4th, 2017