Allowing Working Seniors to Keep Their Health Savings Accounts Act of 2018

Bill: 115-hr-6309
Sponsor: full_name: Rep. Paulsen, Erik [R-MN-3]
Introduced: 2018-07-06
Policy area: Taxation
Subjects: Aging

Bank accounts, deposits, capital

Health care costs and insurance

Income tax deductions

Medicare
Latest action: action_date: 2018-07-19
text: Placed on the Union Calendar, Calendar No. 659.

Summaries:
action_date: 2018-07-06
action_desc: Introduced in House
text: <p>This bill amends the Internal Revenue Code to allow individuals who are entitled to receive hospital insurance benefits under Medicare Part A because they are age 65 or older to contribute to health savings accounts. </p>

action_date: 2018-07-19
action_desc: Reported to House with amendment(s)
text: <p><b>Allowing Working Seniors to Keep Their Health Savings Accounts Act of 2018</b></p> <p>This bill amends the Internal Revenue Code to allow individuals who are entitled to receive hospital insurance benefits under Medicare Part A because they are age 65 or older to contribute to health savings accounts. </p>

tv_txt: IB Union Calendar No. 659 115th CONGRESS 2d Session H. R. 6309 [Report No. 115–851] IN THE HOUSE OF REPRESENTATIVES July 6, 2018 Mr. Paulsen introduced the following bill; which was referred to the Committee on Ways and Means July 19, 2018 Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed Strike out all after the enacting clause and insert the part printed in italic For text of introduced bill, see copy of bill as introduced on July 6, 2018 A BILL To amend the Internal Revenue Code of 1986 to allow individuals entitled to Medicare Part A by reason of being over age 65 to contribute to health savings accounts.

1. Short title This Act may be cited as the Allowing Working Seniors to Keep Their Health Savings Accounts Act of 2018 . 2. Individuals entitled to part A of Medicare by reason of age allowed to contribute to health savings accounts (a) In general Section 223(c)(1)(B) of the Internal Revenue Code of 1986 is amended by striking and at the end of clause (ii), by striking the period at the end of clause (iii) and inserting , and , and by adding at the end the following new clause: (iv) entitlement to hospital insurance benefits under part A of title XVIII of the Social Security Act by reason of section 226(a) of such Act. . (b) Conforming amendment Section 223(b)(7) of such Code is amended by inserting (other than an entitlement to benefits described in subsection (c)(1)(B)(iv)) after Social Security Act . (c) Effective date The amendments made by this section shall apply to months beginning after December 31, 2018, in taxable years ending after such date.

July 19, 2018 Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed

tv_txt: I 115th CONGRESS 2d Session H. R. 6309 IN THE HOUSE OF REPRESENTATIVES July 6, 2018 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 individuals entitled to Medicare Part A by reason of being over age 65 to contribute to health savings accounts.

1. Individuals over age 65 entitled to part A of Medicare allowed to contribute to health savings accounts (a) In general Section 223(c)(1)(B) of the Internal Revenue Code of 1986 is amended by striking and at the end of clause (ii), by striking the period at the end of clause (iii) and inserting , and , and by adding at the end the following new clause: (iv) entitlement to hospital insurance benefits under part A of title XVIII of the Social Security Act by reason of section 226(a) of such Act. . (b) Conforming amendment Section 223(b)(7) of such Code is amended by inserting (other than an entitlement to benefits described in subsection (c)(1)(B)(iv)) after Social Security Act . (c) Effective date The amendments made by this subsection shall apply to months beginning after December 31, 2018, in taxable years ending after such date.