summary
Introduced
09/27/2018
09/27/2018
In Committee
09/27/2018
09/27/2018
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
115th Congress
Bill Summary
Health Savings Modernization Act of 2018
AI Summary
This bill, the Health Savings Modernization Act of 2018, aims to improve health savings accounts (HSAs) in several ways:
1. It establishes a safe harbor for high-deductible health plans (HDHPs) to not require a deductible for a limited number of outpatient primary care, mental health, behavioral health, or urgent care visits, as well as for a generic or preferred prescription drug formulary.
2. It expands the definition of eligible dependents for HSAs to include children up to age 27.
3. It creates an "Excess Health Insurance Coverage Credit Payable to Health Savings Account" that would allow eligible taxpayers to have excess premium tax credit amounts contributed directly to their HSA.
4. It allows all individuals purchasing health insurance in the individual market to purchase a lower-premium catastrophic plan, and requires insurers offering such plans to also offer plans with the traditional bronze, silver, gold, or platinum levels of coverage.
5. It increases the maximum contribution limit for HSAs to match the annual out-of-pocket limit for HDHPs.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Referred to the Committee on Ways and Means, and in addition to the Committee on Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. (on 09/27/2018)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/115th-congress/house-bill/6937/all-info |
| BillText | https://www.congress.gov/115/bills/hr6937/BILLS-115hr6937ih.pdf |
| Bill | https://www.congress.gov/115/bills/hr6937/BILLS-115hr6937ih.pdf.pdf |
Loading...