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To amend the Internal Revenue Code of 1986 to expand health savings accounts, and for other purposes.

USA115th CongressHR-408| House 
| Updated: 1/10/2017
Steve King

Steve King

Republican Representative

Iowa

Cosponsors (8)
Chris Stewart (Republican)Robert J. Wittman (Republican)Tom McClintock (Republican)Earl L. "Buddy" Carter (Republican)Doug Lamborn (Republican)Bruce Westerman (Republican)Daniel Webster (Republican)Louie Gohmert (Republican)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
American Future Healthcare Act of 2017 This bill amends the Internal Revenue Code, with respect to health savings accounts (HSAs), to: repeal the requirement that an individual making a tax deductible contribution to an HSA be covered by a high deductible health care plan; increase the maximum HSA contribution level; allow Medicare eligible individuals to contribute to an HSA; allow HSAs to be used to purchase health insurance; provide a cost-of-living adjustment for the limits on additional contributions for individuals 55 or older (catch-up contributions); require the cost-of-living adjustments to be indexed to the CPI medical care component (the medical care component for the Consumer Price Index for All Urban Consumers published by the Department of Labor); and allow a rollover of HSA amounts to a Medicare Advantage Medical Savings Account (MSA).
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Timeline
Jan 10, 2017
Introduced in House
Jan 10, 2017
Referred to the House Committee on Ways and Means.
  • January 10, 2017
    Introduced in House


  • January 10, 2017
    Referred to the House Committee on Ways and Means.

Taxation

Bank accounts, deposits, capitalHealth care costs and insuranceIncome tax deductionsInflation and pricesMedicare

To amend the Internal Revenue Code of 1986 to expand health savings accounts, and for other purposes.

USA115th CongressHR-408| House 
| Updated: 1/10/2017
American Future Healthcare Act of 2017 This bill amends the Internal Revenue Code, with respect to health savings accounts (HSAs), to: repeal the requirement that an individual making a tax deductible contribution to an HSA be covered by a high deductible health care plan; increase the maximum HSA contribution level; allow Medicare eligible individuals to contribute to an HSA; allow HSAs to be used to purchase health insurance; provide a cost-of-living adjustment for the limits on additional contributions for individuals 55 or older (catch-up contributions); require the cost-of-living adjustments to be indexed to the CPI medical care component (the medical care component for the Consumer Price Index for All Urban Consumers published by the Department of Labor); and allow a rollover of HSA amounts to a Medicare Advantage Medical Savings Account (MSA).
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jan 10, 2017
Introduced in House
Jan 10, 2017
Referred to the House Committee on Ways and Means.
  • January 10, 2017
    Introduced in House


  • January 10, 2017
    Referred to the House Committee on Ways and Means.
Steve King

Steve King

Republican Representative

Iowa

Cosponsors (8)
Chris Stewart (Republican)Robert J. Wittman (Republican)Tom McClintock (Republican)Earl L. "Buddy" Carter (Republican)Doug Lamborn (Republican)Bruce Westerman (Republican)Daniel Webster (Republican)Louie Gohmert (Republican)

Ways and Means Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Bank accounts, deposits, capitalHealth care costs and insuranceIncome tax deductionsInflation and pricesMedicare