Health Savings Account Act

Bill: 114-hr-1169
Sponsor: full_name: Rep. Fortenberry, Jeff [R-NE-1]
Introduced: 2015-02-27
Policy area: Taxation
Subjects: Health care costs and insurance

Income tax deductions

Income tax exclusion
Latest action: action_date: 2015-02-27
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2015-02-27
action_desc: Introduced in House
text: <p><strong>Health Savings Account Act </strong></p> <p>This bill amends the Internal Revenue Code to increase the maximum amount that an individual participating in a health savings account may contribute to such an account to match the amount of the deductible and out-of-pocket expenses that such individual pays under a high deductible health plan. </p>

tv_txt: I 114th CONGRESS 1st Session H. R. 1169 IN THE HOUSE OF REPRESENTATIVES February 27, 2015 Mr. Fortenberry 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 increase the maximum contribution limit for health savings accounts.

1. Short title This Act may be cited as the Health Savings Account Act . 2. Maximum contribution limit to HSA increased to amount of deductible and out-of-pocket limitation (a) Self-Only coverage Section 223(b)(2)(A) of the Internal Revenue Code of 1986 is amended by striking $2,250 and inserting the amount in effect under subsection (c)(2)(A)(ii)(I) . (b) Family coverage Section 223(b)(2)(B) of such Code is amended by striking $4,500 and inserting the amount in effect under subsection (c)(2)(A)(ii)(II) . (c) Effective date The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.