H.R. 6937 · 115th Congress
Health Savings Modernization Act of 2018
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Never voted on. It didn't reach a floor vote before the 115th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
BeraSponsor1 cosponsor · 1 D
1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill modifies the requirements for tax-favored health savings accounts (HSAs) to:
What it does: CRS summary · Introduced in House · Sep 27, 2018
Health Savings Modernization Act of 2018
This bill modifies the requirements for tax-favored health savings accounts (HSAs) to:
- allow the high deductible health plans required for an HSA to provide certain coverage without a deductible,
- allow HSAs to be used for the medical expenses of adult children who are under the age of 27,
- allow excess payments of the premium assistance tax credit to be paid to the taxpayer's HSA,
- modify the limit on out-of-pocket expenses for high deductible health plans, and
- increase the HSA contribution limit to the amount of the limit for the sum of the deductible and out-of-pocket expenses for a high deductible health plan.
The bill also eliminates provisions in the Patient Protection and Affordable Care Act that restrict the individuals who may purchase catastrophic health plans. (Under current law, the plans are limited to individuals who are younger than 30 years of age or who have a hardship exemption.)
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Health Savings Modernization Act of 2018
Latest action (Sep 27, 2018): Referred to the Committee on Ways and Means, and in addition to the Committee on Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Policy area: Taxation · Origin: House · Introduced: Sep 27, 2018
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.