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US HR2514

US HR2514
Helping Veterans Save for Health Care Act of 2015


summary

Introduced
05/21/2015
In Committee
05/21/2015
Crossed Over
Passed
Dead
01/03/2017

Introduced Session

114th Congress

Bill Summary

Helping Veterans Save for Health Care Act of 2015 Amends the Internal Revenue Code to provide that a veteran receiving hospital care or medical services for a service-connected disabililty is not disqualified from participating in or contributing to a tax-preferred health savings account.

AI Summary

This bill, titled the Helping Veterans Save for Health Care Act of 2015, amends the Internal Revenue Code to ensure that veterans receiving medical care for disabilities connected to their military service from the Department of Veterans Affairs (VA) are not prevented from contributing to or participating in tax-advantaged Health Savings Accounts (HSAs). HSAs are savings accounts that allow individuals to set aside money on a pre-tax basis to pay for qualified medical expenses, and typically, receiving certain types of medical care can disqualify someone from contributing. This legislation specifically addresses this by creating a special rule stating that a veteran's eligibility for an HSA will not be affected simply because they are receiving hospital care or medical services for a service-connected disability under VA programs.

Committee Categories

Budget and Finance

Sponsors (35)

Last Action

Referred to the House Committee on Ways and Means. (on 05/21/2015)

bill text


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