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Bill > HR6311


US HR6311

Increasing Access to Lower Premium Plans and Expanding Health Savings Accounts Act of 2018


summary

Introduced
07/06/2018
In Committee
07/11/2018
Crossed Over
07/26/2018
Passed
Dead
12/31/2018

Introduced Session

115th Congress

Bill Summary

Increasing Access to Lower Premium Plans and Expanding Health Savings Accounts Act of 2018

AI Summary

This bill amends the Internal Revenue Code of 1986 and the Patient Protection and Affordable Care Act (ACA) to modify the definition of qualified health plan for purposes of the health insurance premium tax credit and to allow individuals purchasing health insurance in the individual market to purchase a lower premium "copper" plan. The key provisions of the bill include: 1) Allowing Health Flexible Spending Account balances to be carried forward to the next plan year up to a certain limit. 2) Allowing individuals entitled to Medicare Part A to contribute to Health Savings Accounts (HSAs). 3) Increasing the maximum contribution limit to HSAs to the amount of the deductible and out-of-pocket limitation. 4) Allowing both spouses to make catch-up contributions to the same HSA. 5) Allowing bronze and catastrophic plans to be treated as high-deductible health plans for purposes of HSAs. 6) Allowing all individuals purchasing health insurance in the individual market the option to purchase a lower premium copper plan. 7) Delaying the reimposition of the annual fee on health insurance providers under the ACA until December 31, 2021.

Committee Categories

Business and Industry

Sponsors (2)

Last Action

Received in the Senate. (on 07/26/2018)

bill text


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