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).
Actions
Jan 10, 2017
Referred to the House Committee on Ways and Means.