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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.

USA115th CongressS-28| Senate 
| Updated: 1/4/2017
Jeff Flake

Jeff Flake

Republican Senator

Arizona

Cosponsors (2)
Mike Lee (Republican)Ron Johnson (Republican)

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Health Savings Account Expansion Act of 201 7 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.
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Timeline
Jan 4, 2017

Latest Companion Bill Action

HR 115-247
Introduced in House
Jan 4, 2017
Introduced in Senate
Jan 4, 2017
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S60-61)
  • January 4, 2017

    Latest Companion Bill Action

    HR 115-247
    Introduced in House


  • January 4, 2017
    Introduced in Senate


  • January 4, 2017
    Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S60-61)

Taxation

Related Bills

  • HR 115-247: 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.
Health care costs and insuranceHealth care coverage and accessIncome tax deductionsIncome tax rates

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.

USA115th CongressS-28| Senate 
| Updated: 1/4/2017
Health Savings Account Expansion Act of 201 7 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.
View Full Text

Suggested Questions

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

Timeline
Jan 4, 2017

Latest Companion Bill Action

HR 115-247
Introduced in House
Jan 4, 2017
Introduced in Senate
Jan 4, 2017
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S60-61)
  • January 4, 2017

    Latest Companion Bill Action

    HR 115-247
    Introduced in House


  • January 4, 2017
    Introduced in Senate


  • January 4, 2017
    Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S60-61)
Jeff Flake

Jeff Flake

Republican Senator

Arizona

Cosponsors (2)
Mike Lee (Republican)Ron Johnson (Republican)

Finance Committee

Taxation

Related Bills

  • HR 115-247: 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 Committee
  • On Floor
  • Passed Chamber
  • Enacted
Health care costs and insuranceHealth care coverage and accessIncome tax deductionsIncome tax rates