Health Care Account Act of 2001

Fact Sheet API

Bill Number

HR 2658

Introduced

Jul 26, 2001

Latest Action

Referred to the Subcommittee on Employer-Employee Relations.

Sponsor

Cosponsors

Topics

Business income tax Commerce Employee health benefits Health Health insurance Income tax Labor and Employment Medical savings accounts Personal income tax Tax deductions Tax exclusion Tax exemption Tax penalties Tax returns Taxation Withholding tax

Full Text

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Votes

Summary

Health Care Account Act of 2001 - Amends the Internal Revenue Code to provide for the exclusion from income of an employee of both the amounts contributed by the employee's employer to any health care expenditure account of such employee and amounts contributed by the employee to such an account. Limits contributions and requires employers to make comparable contributions. Provides for the creation of such accounts and permits expenditures from such accounts for qualified medical expenses which are not compensated for by insurance.

Amends the Employee Retirement Income Security Act of 1974 (ERISA) with respect to ERISA coverage of such accounts.

Actions

Nov 13, 2001

Referred to the Subcommittee on Employer-Employee Relations.
Jul 26, 2001

Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Jul 26, 2001

Introduced in House

Amendments

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