summary
Introduced
02/16/2017
02/16/2017
In Committee
03/16/2017
03/16/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
115th Congress
Bill Summary
Health Savings Act of 2017 This bill amends the Internal Revenue Code, with respect to health savings accounts (HSAs), to: rename high deductible health plans as HSA-qualified health plans; allow spouses who have both attained age 55 to make catch-up contributions to the same HSA; make Medicare Part A (hospital insurance benefits) beneficiaries eligible to participate in an HSA; allow individuals eligible for hospital care or medical services under a program of the Indian Health Service or a tribal organization to participate in an HSA; allow members of a health care sharing ministry to participate in an HSA; allow individuals who receive primary care services in exchange for a fixed periodic fee or payment, or who receive health care benefits from an onsite medical clinic of an employer, to participate in an HSA; include amounts paid for prescription and over-the-counter medicines or drugs as "qualified medical expenses" for which distributions from an HSA or other tax-preferred savings accounts may be used; increase the limits on HSA contributions to match the sum of the annual deductible and out-of-pocket expenses permitted under a high deductible health plan; and allow HSA distributions to be used to purchase health insurance coverage. The bill also: (1) amends the federal bankruptcy code to exempt HSAs from creditor claims in bankruptcy, and (2) amends the Social Security Act to reauthorize Medicaid health opportunity accounts. The bill allows a medical care tax deduction for: (1) exercise equipment, physical fitness programs, and membership at a fitness facility; (2) nutritional and dietary supplements; and (3) periodic fees paid to a primary care physician and amounts paid for pre-paid primary care services.
AI Summary
This bill, the Health Savings Act of 2017, proposes several changes to health savings accounts (HSAs) and related tax-preferred health accounts:
- It renames "high deductible health plans" as "HSA-qualified health plans" and makes various changes to expand eligibility and access to HSAs, including for Medicare beneficiaries, members of health care sharing ministries, and individuals receiving primary care services from an on-site employer clinic.
- It allows both spouses to make catch-up contributions to the same HSA account and increases the maximum contribution limits for HSAs to match the sum of the annual deductible and out-of-pocket expenses under a qualifying health plan.
- It expands the types of expenses that can be paid for using HSA, FSA, and HRA funds to include over-the-counter medicines and drugs, as well as certain exercise, fitness, and nutritional expenses.
- It provides bankruptcy protections for HSAs and allows for the correction of certain administrative errors in HSA contributions.
- It reauthorizes Medicaid health opportunity accounts and makes other miscellaneous changes to enhance access and utilization of these tax-preferred health accounts.
Committee Categories
Budget and Finance, Health and Social Services, Justice
Sponsors (9)
Erik Paulsen (R)*,
Jodey Arrington (R),
Barbara Comstock (R),
Ron Estes (R),
Richard Hudson (R),
Lynn Jenkins (R),
Mike Kelly (R),
Bill Posey (R),
Lloyd Smucker (R),
Last Action
Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law. (on 03/16/2017)
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/115th-congress/house-bill/1175/all-info |
| BillText | https://www.congress.gov/115/bills/hr1175/BILLS-115hr1175ih.pdf |
| Bill | https://www.congress.gov/115/bills/hr1175/BILLS-115hr1175ih.pdf.pdf |
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