House Bill 247
115th Congress(2017-2018)
Health Savings Account Expansion Act of 2017
Introduced
Introduced in House on Jan 4, 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
247
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.
No House votes have been held for this bill.
Summary
Health Savings Account Expansion Act of 2017
This bill amends the Internal Revenue Code to modify the requirements for health savings accounts (HSAs) to:
- increase the maximum contribution amounts,
- permit the use of HSAs to pay health insurance premiums and direct primary care expenses,
- repeal the restriction on using HSAs for over-the-counter medications,
- eliminate the requirement that a participant in an HSA be enrolled in a high deductible health care plan, and
- decrease the additional tax for HSA distributions not used for qualified medical expenses.
January 4, 2017
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01/04/2017
Referred to the House Committee on Ways and Means.
01/04/2017
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:34:34 PM