Keeping HSAs Accessible Act of 2019

Bill: 116-hr-4130
Sponsor: full_name: Rep. Marchant, Kenny [R-TX-24]
Introduced: 2019-07-30
Policy area: Taxation
Subjects: Health care costs and insurance

Income tax deductions

Tax treatment of families
Latest action: action_date: 2019-07-30
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2019-07-30
action_desc: Introduced in House
text: <p><strong>Keeping HSAs Accessible Act of 2019</strong></p> <p>This bill amends the Internal Revenue Code to eliminate the ceiling on the sum of the annual deductible and out-of-pocket expenses required under a high deductible health plan (i.e., $5,000 for self-only coverage and twice that amount for family coverage), for purposes of&nbsp; health saving account eligibility. </p>

tv_txt: I 116th CONGRESS 1st Session H. R. 4130 IN THE HOUSE OF REPRESENTATIVES July 30, 2019 Mr. Marchant (for himself and Mr. Smith of Missouri ) 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 repeal the ceiling on the sum of the annual deductible and the other annual out-of-pocket expenses required to be paid under a high deductible health plan.

1. Short title This Act may be cited as the Keeping HSAs Accessible Act of 2019 . 2. Repeal of ceiling on deductible and out-of-pocket expenses under a high deductible health plan (a) In general Section 223(c)(2)A) of the Internal Revenue Code of 1986 is amended to read as follows: (A) High deductible health plan The term high deductible health plan means a health plan which has an annual deductible which is not less than— (i) $1,000 for self-only coverage, and (ii) twice the dollar amount in clause (i) for family coverage. . (b) Effective date The amendments made by this section shall apply with respect to months in taxable years beginning after the date of the enactment of this Act.