House Bill 6937
115th Congress(2017-2018)
Health Savings Modernization Act of 2018
Introduced
Introduced in House on Sep 27, 2018
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
6937
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 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.)
September 27, 2018
09/27/2018
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.
09/27/2018
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:41:28 PM