Bill Sponsor
House Bill 408
115th Congress(2017-2018)
American Future Healthcare Act of 2017
Introduced
Introduced
Introduced in House on Jan 10, 2017
Overview
Text
Sponsor
Introduced
Jan 10, 2017
Latest Action
Jan 10, 2017
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
408
Congress
115
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
Sponsorship by Party
House Votes (0)
Senate Votes (0)
No House votes have been held for this bill.
Summary

American Future Healthcare Act of 2017

This bill amends the Internal Revenue Code, with respect to health savings accounts (HSAs), to:

  • repeal the requirement that an individual making a tax deductible contribution to an HSA be covered by a high deductible health care plan;
  • increase the maximum HSA contribution level;
  • allow Medicare eligible individuals to contribute to an HSA;
  • allow HSAs to be used to purchase health insurance;
  • provide a cost-of-living adjustment for the limits on additional contributions for individuals 55 or older (catch-up contributions);
  • require the cost-of-living adjustments to be indexed to the CPI medical care component (the medical care component for the Consumer Price Index for All Urban Consumers published by the Department of Labor); and
  • allow a rollover of HSA amounts to a Medicare Advantage Medical Savings Account (MSA).
Text (1)
January 10, 2017
Actions (2)
01/10/2017
Referred to the House Committee on Ways and Means.
01/10/2017
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:34:28 PM