summary
Introduced
01/30/2019
01/30/2019
In Committee
01/30/2019
01/30/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
To amend the Internal Revenue Code of 1986 to allow individuals only enrolled in Medicare Part A to contribute to health savings accounts. This bill allows Medicare-eligible individuals who are age 65 or older to contribute to health savings accounts if their entitlement to Medicare benefits is limited to hospital insurance benefits under Medicare Part A.
AI Summary
This bill, the Stop Penalizing Working Seniors Act, amends the Internal Revenue Code to allow individuals who are enrolled only in Medicare Part A (the hospital insurance program) to contribute to Health Savings Accounts (HSAs). The current law prohibits individuals enrolled in any part of Medicare from contributing to HSAs, even if their only Medicare coverage is for hospital benefits under Part A. This bill removes that restriction, enabling Medicare-eligible individuals aged 65 or older, whose sole Medicare entitlement is for Part A coverage, to continue contributing to an HSA. The changes apply to taxable years beginning after December 31, 2018.
Committee Categories
Budget and Finance
Sponsors (6)
Bob Latta (R)*,
Greg Gianforte (R),
Bob Gibbs (R),
Mark Meadows (R),
Steve Stivers (R),
Daniel Webster (R),
Last Action
Referred to the House Committee on Ways and Means. (on 01/30/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/house-bill/908/all-info | 01/31/2019 |
| BillText | https://www.congress.gov/116/bills/hr908/BILLS-116hr908ih.pdf | 02/14/2019 |
| Bill | https://www.congress.gov/116/bills/hr908/BILLS-116hr908ih.pdf.pdf | 02/14/2019 |
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