To amend the Internal Revenue Code of 1986 to allow deductions for amounts contributed to a health savings account by individuals enrolled in qualified health plans.

Bill: 115-hr-6587
Sponsor: full_name: Rep. Comstock, Barbara [R-VA-10]
Introduced: 2018-07-26
Policy area: Taxation
Subjects: Bank accounts, deposits, capital

Health care costs and insurance

Income tax deductions

Income tax exclusion
Latest action: action_date: 2018-07-26
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2018-07-26
action_desc: Introduced in House
text: <p>This bill amends the Internal Revenue Code to modify the type of health insurance that is required for an individual to be eligible for a health savings account (HSA). The bill changes the required insurance from a high deductible health plan to a qualified health plan offered through an exchange established under the Patient Protection and Affordable Care Act.</p>

tv_txt: I 115th CONGRESS 2d Session H. R. 6587 IN THE HOUSE OF REPRESENTATIVES July 26, 2018 Mrs. Comstock 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 deductions for amounts contributed to a health savings account by individuals enrolled in qualified health plans.

1. Deductions for health savings account contributions for individuals enrolled in qualified health plans (a) In general Section 223(c) is amended by adding at the end the following new paragraph: (5) Qualified health plan The term qualified health plan means a qualified health plan (as defined in section 1301 of the Patient Protection and Affordable Care Act) offered through an Exchange established under title I of such Act. . (b) Conforming amendments (1) Section 223 of the Internal Revenue Code of 1986 is amended by striking high deductible health plan and inserting qualified health plan each place such term appears in each of the following provisions: (A) Subsection (b)(2). (B) Subsection (b)(8). (C) Subsection (h)(2). (2) Section 223(c)(1)(A), as amended by subsection (a), is further amended by striking any individual if and all that follows through the period at the end and inserting any individual if such individual is covered under a qualified health plan as of the 1st day of such month. . (c) Effective date The amendments made by this Act shall apply to months, and expenditures made in months, beginning after the date of the enactment of this Act.