summary
Introduced
03/01/2017
03/01/2017
In Committee
03/01/2017
03/01/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
115th Congress
Bill Summary
Health Savings Account Act This bill amends the Internal Revenue Code, with respect to health savings accounts (HSAs), to: (1) increase the maximum contribution limits for HSAs to match the sum of the annual deductible and out-of-pocket expenses permitted under a high deductible health plan, (2) allow individuals who receive primary care services in exchange for a fixed periodic fee or payment to participate in an HSA, and (3) permit HSAs to be used for fitness center memberships. The bill also allows a medical care tax deduction for periodic provider fees, including: (1) periodic fees paid to a primary care physician for a defined set of medical services or the right to receive medical services on an as-needed basis; and (2) pre-paid primary care services designed to screen for, diagnose, cure, mitigate, treat, or prevent disease and promote wellness.
AI Summary
This bill amends the Internal Revenue Code to make several changes to health savings accounts (HSAs). It increases the maximum contribution limits for HSAs to match the sum of the annual deductible and out-of-pocket expenses permitted under a high-deductible health plan. It also allows individuals who receive primary care services in exchange for a fixed periodic fee or payment to participate in an HSA, and permits HSAs to be used for fitness center memberships. The bill also allows a medical care tax deduction for periodic provider fees, including fees paid to a primary care physician for a defined set of medical services or the right to receive medical services on an as-needed basis, and pre-paid primary care services designed to promote wellness.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Referred to the House Committee on Ways and Means. (on 03/01/2017)
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/1280/all-info |
| BillText | https://www.congress.gov/115/bills/hr1280/BILLS-115hr1280ih.pdf |
| Bill | https://www.congress.gov/115/bills/hr1280/BILLS-115hr1280ih.pdf.pdf |
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