Stop Penalizing Working Seniors Act

Bill: 116-hr-908
Sponsor: full_name: Rep. Latta, Robert E. [R-OH-5]
Introduced: 2019-01-30
Policy area: Taxation
Subjects: Health care costs and insurance

Income tax deductions

Income tax deferral

Medicare
Latest action: action_date: 2019-01-30
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2019-01-30
action_desc: Introduced in House
text: <p><b>Stop Penalizing Working Seniors Act</b></p> <p>This bill allows Medicare-eligible individuals who are age 65 or older to contribute to health savings accounts if their entitlement to Medicare benefits is limited to hospital insurance benefits under Medicare Part A.</p>

tv_txt: I 116th CONGRESS 1st Session H. R. 908 IN THE HOUSE OF REPRESENTATIVES January 30, 2019 Mr. Latta (for himself, Mr. Gibbs , Mr. Meadows , Mr. Gianforte , and Mr. Webster of Florida ) 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 only enrolled in Medicare Part A to contribute to health savings accounts.

1. Short title This Act may be cited as the Stop Penalizing Working Seniors Act . 2. Individuals over age 65 enrolled only in Medicare Part A allowed to contribute to health savings accounts (a) In general Section 223(b)(7) of the Internal Revenue Code of 1986 is amended by adding at the end the following: This paragraph shall not apply to any individual during any period for which the individual’s only entitlement to such benefits is an entitlement to hospital insurance benefits under part A of title XVIII of such Act pursuant to an enrollment for such hospital insurance benefits under section 226(a) of such Act. . (b) Effective date The amendments made by this subsection shall apply to taxable years beginning after December 31, 2018.