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American Future Healthcare Act of 2019

USA116th CongressHR-4651| House 
| Updated: 10/11/2019
Steve King

Steve King

Republican Representative

Iowa

Ways and Means Committee, Health Subcommittee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
American Future Healthcare Act of 2019 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); allow a rollover of HSA amounts to a Medicare Advantage Medical Savings Account (MSA); and treat direct primary care service arrangement fees as deductible medical expenses. This bill also allows an individual with alternative health coverage to opt out of Medicare hospital services benefits without also having to opt out of Old Age, Survivors, and Disability Insurance benefits and without having to repay Medicare hospital services benefits already received.
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Timeline
Oct 11, 2019
Introduced in House
Oct 11, 2019
Referred to the Subcommittee on Health.
Oct 11, 2019
Referred to the House Committee on Ways and Means.
  • October 11, 2019
    Introduced in House


  • October 11, 2019
    Referred to the Subcommittee on Health.


  • October 11, 2019
    Referred to the House Committee on Ways and Means.

Taxation

Related Bills

  • S 116-2999: Primary Care Enhancement Act of 2019
Bank accounts, deposits, capitalHealth care costs and insuranceHealth care coverage and accessHome and outpatient careHospital careIncome tax deductionsInflation and pricesMedicareSocial security and elderly assistanceUser charges and fees

American Future Healthcare Act of 2019

USA116th CongressHR-4651| House 
| Updated: 10/11/2019
American Future Healthcare Act of 2019 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); allow a rollover of HSA amounts to a Medicare Advantage Medical Savings Account (MSA); and treat direct primary care service arrangement fees as deductible medical expenses. This bill also allows an individual with alternative health coverage to opt out of Medicare hospital services benefits without also having to opt out of Old Age, Survivors, and Disability Insurance benefits and without having to repay Medicare hospital services benefits already received.
View Full Text

Suggested Questions

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

Timeline
Oct 11, 2019
Introduced in House
Oct 11, 2019
Referred to the Subcommittee on Health.
Oct 11, 2019
Referred to the House Committee on Ways and Means.
  • October 11, 2019
    Introduced in House


  • October 11, 2019
    Referred to the Subcommittee on Health.


  • October 11, 2019
    Referred to the House Committee on Ways and Means.
Steve King

Steve King

Republican Representative

Iowa

Ways and Means Committee, Health Subcommittee

Taxation

Related Bills

  • S 116-2999: Primary Care Enhancement Act of 2019
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Bank accounts, deposits, capitalHealth care costs and insuranceHealth care coverage and accessHome and outpatient careHospital careIncome tax deductionsInflation and pricesMedicareSocial security and elderly assistanceUser charges and fees