Health Savings Act of 2018

Bill: 115-hr-6314
Sponsor: full_name: Rep. Burgess, Michael C. [R-TX-26]
Introduced: 2018-07-06
Policy area: Taxation
Subjects: Bank accounts, deposits, capital

Health care costs and insurance

Income tax deductions
Latest action: action_date: 2018-07-19
text: Placed on the Union Calendar, Calendar No. 657.

Summaries:
action_date: 2018-07-06
action_desc: Introduced in House
text: <p><b>Health Savings Act of 2018 </b></p> <p>This bill amends the Internal Revenue Code, with respect to health savings accounts (HSAs), to require the bronze and catastrophic health plans described in the Patient Protection and Affordable Care Act to be treated as high deductible health plans, which are required to participate in an HSA. </p>

action_date: 2018-07-19
action_desc: Reported to House with amendment(s)
text: <p><b>Health Savings Act of 2018 </b></p> <p>This bill amends the Internal Revenue Code, with respect to health savings accounts (HSAs), to require the bronze and catastrophic health plans described in the Patient Protection and Affordable Care Act to be treated as high deductible health plans, which are required to participate in an HSA. </p>

tv_txt: IB Union Calendar No. 657 115th CONGRESS 2d Session H. R. 6314 [Report No. 115–848] IN THE HOUSE OF REPRESENTATIVES July 6, 2018 Mr. Burgess (for himself and Mr. Roskam ) introduced the following bill; which was referred to the Committee on Ways and Means July 19, 2018 Additional sponsor: Mr. Rokita 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 bronze and catastrophic plans in connection with health savings accounts.

1. Short title This Act may be cited as the Health Savings Act of 2018 . 2. Allowance of bronze and catastrophic plans in connection with health savings accounts (a) In general Section 223(c)(2) of the Internal Revenue Code of 1986 is amended by adding at the end the following new subparagraph: (E) Bronze and catastrophic plans treated as high deductible health plans (i) In general The term high deductible health plan shall include any plan described in subsection (d)(1)(A) or (e) of section 1302 of the Patient Protection and Affordable Care Act. (ii) Certain rules not applicable Subparagraphs (C) and (D) shall not apply with respect to any plan described in clause (i). . (b) Effective date The amendment 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. 6314 IN THE HOUSE OF REPRESENTATIVES July 6, 2018 Mr. Burgess (for himself and Mr. Roskam ) 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 bronze and catastrophic plans in connection with health savings accounts.

1. Short title This Act may be cited as the Health Savings Act of 2018 . 2. Allowance of bronze and catastrophic plans in connection with health savings accounts (a) In general Section 223(c)(2) of the Internal Revenue Code of 1986 is amended by adding at the end the following new subparagraph: (E) Bronze and catastrophic plans treated as high deductible health plans (i) In general The term high deductible health plan shall include any plan described in subsection (d)(1)(A) or (e) of section 1302 of the Patient Protection and Affordable Care Act. (ii) Certain rules not applicable Subparagraphs (C) and (D) shall not apply with respect to any plan described in clause (i). . (b) Effective date The amendment made by this subsection shall apply to months beginning after December 31, 2018, in taxable years ending after such date.