To amend the Internal Revenue Code of 1986 to allow Medicare beneficiaries participating in a Medicare Advantage MSA to contribute their own money to their MSA.

Bill: 113-hr-4177
Sponsor: full_name: Rep. Paulsen, Erik [R-MN-3]
Introduced: 2014-03-06
Policy area: Taxation
Subjects: Health care costs and insurance

Income tax exclusion

Medicare
Latest action: action_date: 2014-03-06
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2014-03-06
action_desc: Introduced in House
text: <p>Amends the Internal Revenue Code, with respect to the tax treatment of payments to a Medicare Advantage Medical Savings Account (MSA), to eliminate the restriction on contributions or transfers to such accounts (currently, only a contribution made by the Secretary of Health and Human Services (HHS) pursuant to Medicare Advantage or a trustee-to-trustee transfer is permitted).</p>

tv_txt: I 113th CONGRESS 2d Session H. R. 4177 IN THE HOUSE OF REPRESENTATIVES March 6, 2014 Mr. Paulsen introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to allow Medicare beneficiaries participating in a Medicare Advantage MSA to contribute their own money to their MSA.

1. Medicare beneficiaries participating in Medicare Advantage MSA may contribute their own money to their MSA (a) In general Subsection (b) of section 138 of the Internal Revenue Code of 1986 is amended by striking paragraph (2) and by redesignating paragraphs (3) and (4) as paragraphs (2) and (3), respectively. (b) Effective date The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.