Family Health Care Flexibility Act

Bill: 114-s-836
Sponsor: full_name: Sen. Barrasso, John [R-WY]
Introduced: 2015-03-23
Policy area: Taxation
Subjects: Employee benefits and pensions

Health care costs and insurance

Income tax deductions

Wages and earnings
Latest action: action_date: 2015-03-23
text: Read twice and referred to the Committee on Finance.

Summaries:
action_date: 2015-03-23
action_desc: Introduced in Senate
text: <p><strong>Family Health Care Flexibility Act</strong></p> <p>This bill amends the Internal Revenue Code to repeal provisions added by the&nbsp;Patient Protection and Affordable Care Act that: (1) restrict payments from health savings accounts, Archer medical savings accounts, and health flexible spending and reimbursement arrangements for medications to prescription drugs and insulin only (thus allowing payments for over-the-counter medications); and (2) impose a $2,500 limitation on salary reduction contributions to a health flexible spending arrangement under a cafeteria plan. </p>

tv_txt: II 114th CONGRESS 1st Session S. 836 IN THE SENATE OF THE UNITED STATES March 23, 2015 Mr. Barrasso (for himself, Ms. Ayotte , Mr. Burr , Mr. Crapo , Mr. Isakson , Mr. Risch , Mr. Roberts , and Mr. Wicker ) 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 repeal certain limitations on health care benefits enacted by the Patient Protection and Affordable Care Act.

1. Short title This Act may be cited as the Family Health Care Flexibility Act . 2. Repeal of distributions for medicine qualified only if for prescribed drug or insulin (a) HSAs Subparagraph (A) of section 223(d)(2) of the Internal Revenue Code of 1986 is amended by striking the last sentence. (b) Archer MSAs Subparagraph (A) of section 220(d)(2) of the Internal Revenue Code of 1986 is amended by striking the last sentence. (c) Health flexible spending arrangements and health reimbursement arrangements Section 106 of the Internal Revenue Code of 1986 is amended by striking subsection (f). (d) Effective dates (1) Distributions from savings accounts The amendments made by subsections (a) and (b) shall apply to amounts paid with respect to taxable years beginning after December 31, 2015. (2) Reimbursements The amendment made by subsection (c) shall apply to expenses incurred with respect to taxable years beginning after December 31, 2015. 3. Repeal of limitation on health flexible spending arrangements under cafeteria plans (a) In general Section 125 of the Internal Revenue Code of 1986 is amended— (1) by striking subsection (i), and (2) by redesignating subsections (j), (k), and (l) as subsections (i), (j), and (k), respectively. (b) Effective date The amendments made by this section shall apply to taxable years beginning after December 31, 2015.