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Bill > S1880


US S1880

US S1880
Helping Veterans Save for Health Care Act of 2015


summary

Introduced
07/28/2015
In Committee
07/28/2015
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, the Helping Veterans Save for Health Care Act of 2015, amends the Internal Revenue Code to ensure that veterans receiving hospital care or medical services for a service-connected disability, meaning a disability incurred during military service, are not disqualified from participating in or contributing to a Health Savings Account (HSA). HSAs are tax-advantaged savings accounts designed to help individuals pay for qualified medical expenses. Previously, receiving certain medical care could disqualify individuals from contributing to these accounts, but this bill creates a special rule to prevent veterans from losing this benefit due to receiving care for disabilities related to their military service through programs administered by the Department of Veterans Affairs.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Read twice and referred to the Committee on Finance. (on 07/28/2015)

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