summary
Introduced
In Committee
Crossed Over
Passed
Dead
Introduced Session
112th Congress
Bill Summary
Family and Retirement Health Investment Act of 2011 - Amends the Internal Revenue Code, with respect to health savings accounts (HSAs), to allow: (1) both spouses to make increased catch-up contributions to the same HSA; (2) Medicare Part A beneficiaries to establish and contribute to an HSA; (3) veterans eligible for service-connected disability benefits and individuals eligible for Indian health service assistance to establish an HSA; (4) individuals eligible to receive benefits under certain TRICARE plans to establish an HSA; (5) a carryforward of unused benefits, up to $500, in a flexible spending arrangement; (6) payments from an HSA for prescription and over-the-counter medicine or drugs; (7) the use of HSAs to purchase certain health insurance coverage and long-term care insurance; and (8) payment of certain medical expenses incurred before the establishment of an HSA. Amends the bankruptcy code to treat HSAs as tax-exempt individual retirement accounts (IRAs) for purposes of exempting them from creditor claims. Reauthorizes the use of Medicaid health opportunity accounts. Treats as medical care for purposes of the tax deduction for medical expenses certain exercise equipment and physical fitness programs, nutritional and dietary supplements, and periodic fees paid to a primary physician, physician assistant, or nurse practitioner. Repeals provisions of the Patient Protection and Affordable Care Act that impose annual limitations on deductibles for health plans offered in the small group market.
AI Summary
This bill, the Family and Retirement Health Investment Act of 2011, aims to expand access to and flexibility of Health Savings Accounts (HSAs), which are tax-advantaged savings accounts for medical expenses. Key provisions include allowing both spouses to make increased "catch-up" contributions to the same HSA, enabling Medicare Part A beneficiaries and veterans with service-connected disabilities to establish HSAs, and permitting individuals eligible for Indian Health Service or certain TRICARE plans to also have HSAs. The bill also allows for a carryforward of up to $500 in unused funds from Flexible Spending Arrangements (FSAs), which are employer-sponsored benefits that allow employees to set aside pre-tax money for healthcare costs, and permits HSA funds to be used for prescription and over-the-counter medicines, as well as for purchasing certain health and long-term care insurance. Furthermore, it allows for the payment of medical expenses incurred before an HSA is established and treats HSAs similarly to Individual Retirement Accounts (IRAs) in bankruptcy proceedings, protecting them from creditors. The bill also reauthorizes Medicaid Health Opportunity Accounts, expands the definition of deductible medical care to include certain exercise equipment, physical fitness programs, nutritional supplements, and periodic fees paid to primary care providers, and repeals provisions from the Patient Protection and Affordable Care Act that limited deductibles for health plans in the small group market.
Committee Categories
Budget and Finance, Health and Social Services, Justice
Sponsors (49)
Judy Biggert (R),
Diane Black (R),
Marsha Blackburn (R),
Charles Boustany (R),
Kevin Brady (R),
Dan Burton (R),
Jason Chaffetz (R),
John Culberson (R),
Charles Dent (R),
John Fleming (R),
Trent Franks (R),
Scott Garrett (R),
Christopher Gibson (R),
Louie Gohmert (R),
Bob Goodlatte (R),
Paul Gosar (R),
Kay Granger (R),
Tim Griffin (R),
Richard Hanna (R),
Jaime Herrera Beutler (R),
Bill Huizenga (R),
Jack Kingston (R),
John Kline (R),
Leonard Lance (R),
Bob Latta (R),
Blaine Luetkemeyer (R),
Cynthia Lummis (R),
Daniel Lungren (R),
Donald Manzullo (R),
Kenny Marchant (R),
Thaddeus McCotter (R),
Patrick McHenry (R),
Howard McKeon (R),
Cathy McMorris Rodgers (R),
Alan Nunnelee (R),
Ron Paul (R),
Erik Paulsen (R),
Stevan Pearce (R),
Thomas Petri (R),
Todd Platts (R),
Bill Posey (R),
Todd Rokita (R),
Thomas Rooney (R),
Peter Roskam (R),
Pete Sessions (R),
Mac Thornberry (R),
Patrick Tiberi (R),
Joe Walsh (R),
Lynn Westmoreland (R),
Last Action
Referred to the Subcommittee on Courts, Commercial and Administrative Law. (on 08/25/2011)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/112th-congress/house-bill/2010/all-info |
| BillText | http://gpo.gov/fdsys/pkg/BILLS-112hr2010ih/pdf/BILLS-112hr2010ih.pdf |
| Bill | http://gpo.gov/fdsys/pkg/BILLS-112hr2010ih/pdf/BILLS-112hr2010ih.pdf.pdf |
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