II 

109TH CONGRESS 

2D SESSION S. 2701 

To amend the Internal Revenue Code of 1986 to provide a refundable credit 

for high deductible health plans for uninsured individuals. 

IN THE SENATE OF THE UNITED STATES 

MAY 3, 2006 

Mr. SANTORUM (for himself, Mrs. DOLE, and Ms. MURKOWSKI) introduced 

the following bill; which was read twice and referred to the Committee 

on Finance 

A BILL 

To amend the Internal Revenue Code of 1986 to provide 

a refundable credit for high deductible health plans for 

uninsured individuals. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. REFUNDABLE CREDIT FOR HIGH DEDUCTIBLE 

4 HEALTH PLANS FOR UNINSURED INDIVID5 UALS. 

6 (a) ALLOWANCE OF CREDIT.— 

7 (1) IN GENERAL.—Subpart C of part IV of sub8 chapter A of chapter 1 of the Internal Revenue Code 

9 of 1986 (relating to refundable personal credits) is 


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1 amended by inserting after section 35 the following 

2 new section: 

3 ‘‘SEC. 35A. HIGH DEDUCTIBLE HEALTH PLANS FOR UNIN4 SURED INDIVIDUALS. 

5 ‘‘(a) ALLOWANCE OF CREDIT.—In the case of an in6 dividual, there shall be allowed as a credit against the tax 

7 imposed by this subtitle for the taxable year an amount 

8 equal to the amount paid by the taxpayer during such tax9 able year for qualified health insurance for the taxpayer 

10 and the taxpayer’s spouse and dependents. 

11 ‘‘(b) LIMITATIONS.— 

12 ‘‘(1) IN GENERAL.—The amount allowed as a 

13 credit under subsection (a) to the taxpayer for the 

14 taxable year shall not exceed the lesser of— 

15 ‘‘(A) 90 percent of the sum of the amounts 

16 paid by the taxpayer for qualified health insur17 ance for each individual referred to in sub18 section (a) for coverage months of such indi19 vidual during the taxable year, or 

20 ‘‘(B) $3,000. 

21 ‘‘(2) MONTHLY LIMITATION.— 

22 ‘‘(A) IN GENERAL.—For purposes of para23 graph (1), amounts paid by the taxpayer for 

24 qualified health insurance for an individual for 

25 any coverage month of such individual during 


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1 the taxable year shall not be taken into account 

2 to the extent such amounts exceed the amount 

equal to 1 3 ⁄12 of— 

4 ‘‘(i) $1,111 if such individual is the 

5 taxpayer, 

6 ‘‘(ii) $1,111 if— 

7 ‘‘(I) such individual is the spouse 

8 of the taxpayer, 

9 ‘‘(II) the taxpayer and such 

10 spouse are married as of the first day 

11 of such month, and 

12 ‘‘(III) the taxpayer files a joint 

13 return for the taxable year, and 

14 ‘‘(iii) $1,111 if such individual has at15 tained the age of 24 as of the close of the 

16 taxable year and is a dependent of the tax17 payer for such taxable year, 

18 ‘‘(iv) one-half of the amount described 

19 in clause (i) if such individual has not at20 tained the age of 24 as of the close of the 

21 taxable year and is a dependent of the tax22 payer for such taxable year. 

23 ‘‘(B) LIMITATION TO 2 YOUNG DEPEND24 ENTS.—If there are more than 2 individuals de25 scribed in subparagraph (A)(iv) with respect to 


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1 the taxpayer for any coverage month, the aggre2 gate amounts paid by the taxpayer for qualified 

3 health insurance for such individuals which may 

4 be taken into account under paragraph (1) shall 

not exceed 1 5 ⁄12 of the dollar amount in effect 

6 under subparagraph (A)(i) for the coverage 

7 month. 

8 ‘‘(C) SPECIAL RULE FOR MARRIED INDI9 VIDUALS.—In the case of a taxpayer— 

10 ‘‘(i) who is married (within the mean11 ing of section 7703) as of the close of the 

12 taxable year but does not file a joint return 

13 for such year, and 

14 ‘‘(ii) who does not live apart from 

15 such taxpayer’s spouse at all times during 

16 the taxable year, 

17 any dollar limitation imposed under this para18 graph on amounts paid for qualified health in19 surance for individuals described in subpara20 graph (A)(iv) shall be divided equally between 

21 the taxpayer and the taxpayer’s spouse unless 

22 they agree on a different division. 

23 ‘‘(3) INCOME PHASEOUT OF CREDIT PERCENT24 AGE FOR ONE-PERSON COVERAGE.— 


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1 ‘‘(A) PHASEOUT FOR UNMARRIED INDIVID2 UALS (OTHER THAN SURVIVING SPOUSES AND

3 HEADS OF HOUSEHOLDS).—In the case of an 

4 individual (other than a surviving spouse, the 

5 head of a household, or a married individual) 

6 with one-person coverage, if such individual has 

7 modified adjusted gross income— 

8 ‘‘(i) in excess of $15,000 for a taxable 

9 year but not in excess of $20,000, the 90 

10 percent under paragraph (1)(B) shall be 

11 reduced by the number of percentage 

12 points which bears the same ratio to 40 

13 percentage points as— 

14 ‘‘(I) the excess of modified ad15 justed gross income in excess of 

16 $15,000, bears to 

17 ‘‘(II) $5,000, or 

18 ‘‘(ii) in excess of $20,000 for a tax19 able year, the 90 percent under paragraph 

20 (1)(B) shall be reduced by the sum of 40 

21 percentage points plus the number of per22 centage points which bears the same ratio 

23 to 50 percentage points as— 


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1 ‘‘(I) the excess of modified ad2 justed gross income in excess of 

3 $20,000, bears to 

4 ‘‘(II) $10,000. 

5 ‘‘(B) PHASEOUT FOR OTHER INDIVID6 UALS.—In the case of a taxpayer (other than 

7 an individual described in subparagraph (A) or 

8 (C)) with one-person coverage, if the taxpayer 

9 has modified adjusted gross income in excess of 

10 $25,000 for a taxable year, the 90 percent 

11 under paragraph (1)(B) shall be reduced by the 

12 number of percentage points which bears the 

13 same ratio to 90 percentage points as— 

14 ‘‘(i) the excess of modified adjusted 

15 gross income in excess of $25,000, bears to 

16 ‘‘(ii) $15,000. 

17 ‘‘(C) MARRIED FILING SEPARATE RE18 TURN.—In the case of a taxpayer who is mar19 ried filing a separate return for the taxable year 

20 and who has one-person coverage, if the tax21 payer has modified adjusted gross income in ex22 cess of $12,500 for the taxable year, the 90 

23 percent under paragraph (1)(B) shall be re24 duced by the number of percentage points 


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1 which bears the same ratio to 90 percentage 

2 points as— 

3 ‘‘(i) the excess of modified adjusted 

4 gross income in excess of $12,500, bears to 

5 ‘‘(ii) $7,500. 

6 ‘‘(4) INCOME PHASEOUT OF CREDIT PERCENT7 AGE FOR COVERAGE OF MORE THAN ONE PERSON.— 

8 ‘‘(A) IN GENERAL.—Except as provided in 

9 subparagraph (B), in the case of a taxpayer 

10 with coverage of more than one person, if the 

11 taxpayer has modified adjusted gross income in 

12 excess of $25,000 for a taxable year, the 90 

13 percent under paragraph (1)(B) shall be re14 duced by the number of percentage points 

15 which bears the same ratio to 90 percentage 

16 points as— 

17 ‘‘(i) the excess of modified adjusted 

18 gross income in excess of $25,000, bears to 

19 ‘‘(ii) $35,000. 

20 ‘‘(B) MARRIED FILING SEPARATE RE21 TURN.—In the case of a taxpayer who is mar22 ried filing a separate return for the taxable year 

23 and who has coverage of more than one person, 

24 if the taxpayer has modified adjusted gross in25 come in excess of $12,500 for the taxable year, 


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1 the 90 percent under paragraph (1)(B) shall be 

2 reduced by the number of percentage points 

3 which bears the same ratio to 90 percentage 

4 points as— 

5 ‘‘(i) the excess of modified adjusted 

6 gross income in excess of $12,500, bears to 

7 ‘‘(ii) $17,500. 

8 ‘‘(5) ROUNDING.—Any percentage resulting 

9 from a reduction under paragraphs (3) and (4) shall 

10 be rounded to the nearest one-tenth of a percent. 

11 ‘‘(6) MODIFIED ADJUSTED GROSS INCOME.— 

12 The term ‘modified adjusted gross income’ means 

13 adjusted gross income determined— 

14 ‘‘(A) without regard to this section and 

15 sections 911, 931, and 933, and 

16 ‘‘(B) after application of sections 86, 135, 

17 137, 219, 221, and 469. 

18 ‘‘(7) ADJUSTMENTS OF PHASEOUT LEVELS FOR

19 AREAS WITH HIGHER POVERTY LEVELS.—The 

20 $15,000 and $20,000 dollar amounts contained in 

21 paragraph (3)(A), the $25,000 dollar amounts con22 tained in paragraphs (3)(B) and (4)(A), and the 

23 $12,500 dollar amounts contained in paragraphs 

24 (3)(C) and (4)(B) shall (after any adjustment under 

25 subsection (g)(2) for any taxable year) be adjusted 


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1 for such taxable year by multiplying each such dollar 

2 amount— 

3 ‘‘(A) by 1.15, in the case of any taxpayer 

4 residing in a State or territory where the offi5 cial poverty line for a family of 4 exceeds 

6 $20,000 but does not exceed $24,000, and 

7 ‘‘(B) by 1.25, in the case of any taxpayer 

8 residing in a State or territory where the offi9 cial poverty line for a family of 4 exceeds 

10 $24,000. 

11 ‘‘(c) COVERAGE MONTH.—For purposes of this sec12 tion— 

13 ‘‘(1) IN GENERAL.—The term ‘coverage month’ 

14 means, with respect to an individual, any month if— 

15 ‘‘(A) as of the first day of such month 

16 such individual is covered by qualified health in17 surance, and 

18 ‘‘(B) the premium for coverage under such 

19 insurance for such month is paid by the tax20 payer. 

21 ‘‘(2) GROUP HEALTH PLAN COVERAGE.— 

22 ‘‘(A) IN GENERAL.—The term ‘coverage 

23 month’ shall not include any month for which 

24 such individual participates in any group health 


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1 plan (within the meaning of section 5000 with2 out regard to section 5000(d)). 

3 ‘‘(B) EXCEPTION FOR CERTAIN PER4 MITTED COVERAGE.—Subparagraph (A) shall 

5 not apply to an individual if the individual’s 

6 only coverage under a group health plan for a 

7 month is coverage described in clause (i) or (ii) 

8 of section 223(c)(1)(B). 

9 ‘‘(3) EMPLOYER-PROVIDED COVERAGE.—The 

10 term ‘coverage month’ shall not include any month 

11 during a taxable year if any amount is not includible 

12 in the gross income of the taxpayer for such year 

13 under section 106 (other than coverage described in 

14 clause (i) or (ii) of section 223(c)(1)(B)). 

15 ‘‘(4) MEDICARE, MEDICAID, AND SCHIP.—The 

16 term ‘coverage month’ shall not include any month 

17 with respect to an individual if, as of the first day 

18 of such month, such individual— 

19 ‘‘(A) is entitled to any benefits under part 

20 A of title XVIII of the Social Security Act or 

21 is enrolled under part B of such title, or 

22 ‘‘(B) is enrolled in the program under title 

23 XIX or XXI of such Act (other than under sec24 tion 1928 of such Act). 


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1 ‘‘(5) CERTAIN OTHER COVERAGE.—The term 

2 ‘coverage month’ shall not include any month with 

3 respect to an individual if, at any time during such 

4 month, any benefit is provided to such individual 

5 under— 

6 ‘‘(A) chapter 89 of title 5, United States 

7 Code, or 

8 ‘‘(B) chapter 55 of title 10, United States 

9 Code. 

10 ‘‘(6) PRISONERS.—The term ‘coverage month’ 

11 shall not include any month with respect to an indi12 vidual if, as of the first day of such month, such in13 dividual is imprisoned under Federal, State, or local 

14 authority. 

15 ‘‘(7) INSUFFICIENT PRESENCE IN UNITED

16 STATES.—The term ‘coverage month’ shall not in17 clude any month during a taxable year with respect 

18 to an individual if such individual is present in the 

19 United States on fewer than 183 days during such 

20 year (determined in accordance with section 

21 7701(b)(7)). 

22 ‘‘(d) QUALIFIED HEALTH INSURANCE.—For pur23 poses of this section, the term ‘qualified health insurance’ 

24 means any high deductible health plan (within the mean25 ing of section 223(c)(2)). 


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1 ‘‘(e) ARCHER MSA AND HEALTH SAVINGS ACCOUNT

2 CONTRIBUTIONS.— 

3 ‘‘(1) IN GENERAL.—If a deduction would (but 

4 for paragraph (2)) be allowed under section 220 or 

5 223 to the taxpayer for a payment for the taxable 

6 year to the Archer MSA or health savings account 

7 of an individual, subsection (a) shall be applied by 

8 treating such payment as a payment for qualified 

9 health insurance for such individual. 

10 ‘‘(2) DENIAL OF DOUBLE BENEFIT.—No deduc11 tion shall be allowed under section 220 or 223 for 

12 that portion of the payments otherwise allowable as 

13 a deduction under section 220 or 223 for the taxable 

14 year which is equal to the amount of credit allowed 

15 for such taxable year by reason of this subsection. 

16 ‘‘(f) DEPENDENTS.—For purposes of this section— 

17 ‘‘(1) DEPENDENT DEFINED.—The term ‘de18 pendent’ has the meaning given to such term by sec19 tion 152 (determined without regard to subsections 

20 (b)(1), (b)(2), and (d)(1)(B) thereof). 

21 ‘‘(2) SPECIAL RULE FOR DEPENDENT CHILD OF

22 DIVORCED PARENTS.—An individual who is a child 

23 to whom section 152(e) applies shall be treated as 

24 a dependent of the custodial parent for a coverage 


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1 month unless the custodial and noncustodial parent 

2 provide otherwise. 

3 ‘‘(3) DENIAL OF CREDIT TO DEPENDENTS.—No 

4 credit shall be allowed under this section to any indi5 vidual with respect to whom a deduction under sec6 tion 151(c) is allowable to another taxpayer for a 

7 taxable year beginning in the calendar year in which 

8 such individual’s taxable year begins. 

9 ‘‘(g) INFLATION ADJUSTMENTS.— 

10 ‘‘(1) CREDIT AND HEALTH INSURANCE

11 AMOUNTS.—In the case of any taxable year begin12 ning after 2007, each dollar amount referred to in 

13 subsections (b)(1)(B) and (b)(2)(A) shall be in14 creased by an amount equal to— 

15 ‘‘(A) such dollar amount, multiplied by 

16 ‘‘(B) the cost-of-living adjustment deter17 mined under section 213(d)(10)(B)(ii) for the 

18 calendar year in which the taxable year begins, 

19 determined by substituting ‘2006’ for ‘1996’ in 

20 subclause (II) thereof. 

21 If any amount as adjusted under the preceding sen22 tence is not a multiple of $10, such amount shall be 

23 rounded to the nearest multiple of $10. 

24 ‘‘(2) INCOME PHASEOUT AMOUNTS.—In the 

25 case of any taxable year beginning after 2007, each 


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1 dollar amount referred to in paragraph (3), (4), 

2 (7)(A), and (7)(B) of subsection (b) shall be in3 creased by an amount equal to— 

4 ‘‘(A) such dollar amount, multiplied by 

5 ‘‘(B) the cost-of-living adjustment deter6 mined under section 1(f)(3) for the calendar 

7 year in which the taxable year begins, deter8 mined by substituting ‘calendar year 2006’ for 

9 ‘calendar year 1992’ in subparagraph (B) 

10 thereof. 

11 If any amount as adjusted under the preceding sen12 tence is not a multiple of $50, such amount shall be 

13 rounded to the next lowest multiple of $50. 

14 ‘‘(h) SPECIAL RULES.— 

15 ‘‘(1) COORDINATION WITH MEDICAL EXPENSE

16 DEDUCTION AND DEDUCTION FOR PREMIUMS FOR

17 HIGH DEDUCTIBLE HEALTH PLANS.—The amount 

18 which would (but for this paragraph) be taken into 

19 account by the taxpayer under section 213 for the 

20 taxable year shall be reduced by the credit (if any) 

21 allowed by this section to the taxpayer for such year. 

22 ‘‘(2) COORDINATION WITH DEDUCTION FOR

23 HEALTH INSURANCE COSTS OF SELF-EMPLOYED IN24 DIVIDUALS.—No credit shall be allowable under this 


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1 section for a taxable year if a deduction is allowed 

2 under section 162(l) for the taxable year. 

3 ‘‘(3) COORDINATION WITH ADVANCE PAY4 MENT.—Rules similar to the rules of section 

5 35(g)(1) shall apply to any credit to which this sec6 tion applies. 

7 ‘‘(4) COORDINATION WITH SECTION 35.—If a 

8 taxpayer is eligible for the credit allowed under this 

9 section and section 35 for any month, the taxpayer 

10 shall elect which credit is to be allowed with respect 

11 to such month. 

12 ‘‘(i) EXPENSES MUST BE SUBSTANTIATED.—A pay13 ment for insurance to which subsection (a) applies may 

14 be taken into account under this section only if the tax15 payer substantiates such payment in such form as the Sec16 retary may prescribe. 

17 ‘‘(j) REGULATIONS.—The Secretary shall prescribe 

18 such regulations as may be necessary to carry out the pur19 poses of this section.’’. 

20 (b) INFORMATION REPORTING.— 

21 (1) IN GENERAL.—Subpart B of part III of 

22 subchapter A of chapter 61 of the Internal Revenue 

23 Code of 1986 (relating to information concerning 

24 transactions with other persons) is amended by in25 serting after section 6050T the following: 


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1 ‘‘SEC. 6050U. RETURNS RELATING TO PAYMENTS FOR 

2 QUALIFIED HEALTH INSURANCE. 

3 ‘‘(a) IN GENERAL.—Any person who, in connection 

4 with a trade or business conducted by such person, re5 ceives payments during any calendar year from any indi6 vidual for coverage of such individual or any other indi7 vidual under creditable health insurance, shall make the 

8 return described in subsection (b) (at such time as the 

9 Secretary may by regulations prescribe) with respect to 

10 each individual from whom such payments were received. 

11 ‘‘(b) FORM AND MANNER OF RETURNS.—A return 

12 is described in this subsection if such return— 

13 ‘‘(1) is in such form as the Secretary may pre14 scribe, and 

15 ‘‘(2) contains— 

16 ‘‘(A) the name, address, and TIN of the 

17 individual from whom payments described in 

18 subsection (a) were received, 

19 ‘‘(B) the name, address, and TIN of each 

20 individual who was provided by such person 

21 with coverage under creditable health insurance 

22 by reason of such payments and the period of 

23 such coverage, 

24 ‘‘(C) the aggregate amount of payments 

25 described in subsection (a), and 


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1 ‘‘(D) such other information as the Sec2 retary may reasonably prescribe. 

3 ‘‘(c) CREDITABLE HEALTH INSURANCE.—For pur4 poses of this section, the term ‘creditable health insurance’ 

5 means qualified health insurance (as defined in section 

6 35A(d)). 

7 ‘‘(d) STATEMENTS TO BE FURNISHED TO INDIVID8 UALS WITH RESPECT TO WHOM INFORMATION IS RE9 QUIRED.—Every person required to make a return under 

10 subsection (a) shall furnish to each individual whose name 

11 is required under subsection (b)(2)(A) to be set forth in 

12 such return a written statement showing— 

13 ‘‘(1) the name and address of the person re14 quired to make such return and the phone number 

15 of the information contact for such person, 

16 ‘‘(2) the aggregate amount of payments de17 scribed in subsection (a) received by the person re18 quired to make such return from the individual to 

19 whom the statement is required to be furnished, and 

20 ‘‘(3) the information required under subsection 

21 (b)(2)(B) with respect to such payments. 

22 The written statement required under the preceding sen23 tence shall be furnished on or before January 31 of the 

24 year following the calendar year for which the return 

25 under subsection (a) is required to be made. 


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1 ‘‘(e) RETURNS WHICH WOULD BE REQUIRED TO BE

2 MADE BY 2 OR MORE PERSONS.—Except to the extent 

3 provided in regulations prescribed by the Secretary, in the 

4 case of any amount received by any person on behalf of 

5 another person, only the person first receiving such 

6 amount shall be required to make the return under sub7 section (a).’’. 

8 (2) ASSESSABLE PENALTIES.— 

9 (A) Subparagraph (B) of section 

10 6724(d)(1) of such Code (relating to defini11 tions) is amended by redesignating clauses (xiii) 

12 through (xviii) as clauses (xiv) through (xix), 

13 respectively, and by inserting after clause (xii) 

14 the following: 

15 ‘‘(xiii) section 6050U (relating to re16 turns relating to payments for qualified 

17 health insurance),’’. 

18 (B) Paragraph (2) of section 6724(d) of 

19 such Code is amended by striking ‘‘or’’ at the 

20 end of subparagraph (AA), by striking the pe21 riod at the end of the subparagraph (BB) and 

22 inserting ‘‘, or’’, and by adding at the end the 

23 following: 


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1 ‘‘(CC) section 6050U(d) (relating to re2 turns relating to payments for qualified health 

3 insurance).’’. 

4 (3) CLERICAL AMENDMENT.—The table of sec5 tions for subpart B of part III of subchapter A of 

6 chapter 61 of such Code is amended by inserting 

7 after the item relating to section 6050T the fol8 lowing: 

‘‘Sec. 6050U. Returns relating to payments for qualified health insurance.’’. 

9 (c) CRIMINAL PENALTY FOR FRAUD.—Subchapter B 

10 of chapter 75 of the Internal Revenue Code of 1986 (relat11 ing to other offenses) is amended by adding at the end 

12 the following: 

13 ‘‘SEC. 7276. PENALTIES FOR OFFENSES RELATING TO 

14 HEALTH INSURANCE TAX CREDIT. 

15 ‘‘Any person who knowingly misuses Department of 

16 the Treasury names, symbols, titles, or initials to convey 

17 the false impression of association with, or approval or en18 dorsement by, the Department of the Treasury of any in19 surance products or health coverage in connection with the 

20 credit for health insurance costs under section 35A shall 

21 on conviction thereof be fined not more than $10,000, or 

22 imprisoned not more than 1 year, or both.’’. 

23 (d) CONFORMING AMENDMENTS.— 

24 (1) Paragraph (2) of section 1324(b) of title 

25 31, United States Code, is amended by inserting beVerDate Aug 31 2005 17:24 May 06, 2006 Jkt 049200 PO 00000 Frm 00019 Fmt 6652 Sfmt 6201 E:\BILLS\S2701.IS S2701

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1 fore the period ‘‘, or from section 35A of such 

2 Code’’. 

3 (2) The table of sections for subpart C of part 

4 IV of subchapter A of chapter 1 of the Internal Rev5 enue Code of 1986 is amended by inserting after the 

6 item relating to section 36 the following new item: 

‘‘Sec. 35A. High deductible health plans for uninsured individuals.’’. 

7 (3) The table of sections for subchapter B of 

8 chapter 75 of such Code is amended by adding at 

9 the end the following: 

‘‘Sec. 7276. Penalties for offenses relating to health insurance tax credit.’’. 

10 (e) EFFECTIVE DATES.— 

11 (1) IN GENERAL.—Except as provided in para12 graph (2), the amendments made by this section 

13 shall apply to taxable years beginning after Decem14 ber 31, 2006. 

15 (2) PENALTIES.—The amendments made by 

16 subsections (c) and (d)(3) shall take effect on the 

17 date of the enactment of this Act. 

18 SEC. 2. ADVANCE PAYMENT OF CREDIT TO ISSUERS OF 

19 QUALIFIED HEALTH INSURANCE. 

20 (a) IN GENERAL.—Chapter 77 of the Internal Rev21 enue Code of 1986 (relating to miscellaneous provisions) 

22 is amended by adding at the end the following: 


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1 ‘‘SEC. 7529. ADVANCE PAYMENT OF CREDIT FOR HIGH DE2 DUCTIBLE HEALTH PLAN COSTS OF ELIGIBLE 

3 INDIVIDUALS. 

4 ‘‘Not later than July 1, 2007, the Secretary shall es5 tablish a program for making payments to providers of 

6 qualified health insurance (as defined in section 35A(d)) 

7 on behalf of individuals eligible for the credit under section 

8 35A. Such payments shall be made on the basis of modi9 fied adjusted gross income of eligible individuals for the 

10 preceding taxable year.’’. 

11 (b) CLERICAL AMENDMENT.—The table of sections 

12 for chapter 77 of the Internal Revenue Code of 1986 is 

13 amended by adding at the end the following: 

‘‘Sec. 7529. Advance payment of credit for high deductible health plan costs 

of eligible individuals.’’. 

14 (c) EFFECTIVE DATE.—The amendments made by 

15 this section shall take effect on July 1, 2007. 

Æ 


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