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HSA 114th Congress Legislation

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Below is a list of legislation from the 114th Congress that could impact HSAs or HSA-qualified health plans.
 
 

 

Supports
 

Patient Choice, Affordability, Responsibility, and Empowerment (CARE) Act
Senator Richard Burr (R-NC), Senate Finance Chairman Orrin Hatch (R-UT), and House Energy and Commerce Chairman Fred Upton (R-MI)
Among the provisions included in this proposal are caps on the tax exclusion for employee’s health coverage at $12,000 for an individual and $30,000 for a family. It also reauthorizes authority for a ten state pilot program for HSAs in Medicaid and ends taxation of over-the-counter drugs for those with an HSA.

H.R.868/S.448: Veterans TRICARE Choice Act
Rep. Chris Stewart (R-UT) and Sen. Jerry Moran (R-KS)To provide for coordination between the TRICARE program and eligibility for making contributions to a health savings account, and for other purposes.

H.R. 879: Ax the Tax on Middle Class Americans’ Health Plans Act
Rep. Frank Guinta (R-NH)
To repeal the "Cadillac Tax" on middle class Americans' health plans.

H.R. 975: Health Freedom for Seniors Act
Rep. Bill Huizenga (R-MI)
To amend the Internal Revenue Code of 1986 to allow the transfer of required minimum distributions from a retirement plan to a health savings account.

H.R. 1270/S.709: Restoring Access to Medication Act of 2015
Rep. Lynn Jenkins (R-KS) and Sen. Pat Roberts (R-KS)
This bill would repeal part of the ACA that restricts Over-the-Counter (OTC) medication purchases with an HSA and FSA.

S. 254: Small Business Health Relief Act of 2015
Sen. Rob Portman (R-OH)
Includes a provision to repeal part of the ACA that restricts Over-the-Counter (OTC) medication purchases with an HSA and FSA. In addition, deems a health plan that does not provide a bronze, silver, gold, or platinum level of coverage as meeting the ACA requirements with respect to any plan year for any enrollee if the plan meets the requirements for a high deductible health plan and such enrollee has established an HSA.

H.R. 1196: Health Savings Act of 2015
Rep. Michael Burgess (R-TX)
Expands the use of HSAs, including allowing parents to establish an HSA for their child, raising the contribution limit, and providing bankruptcy protection.

H.R. 1169: Health Savings Account Act
Rep. Jeff Fortenberry (R-NE)
To amend the Internal Revenue Code of 1986 to increase the maximum contribution limit for health savings accounts.

H.R. 1494: Retirement Health Savings Act of 2015
Rep. Jeff Fortenberry (R-NE)
A bill to amend the Internal Revenue Code of 1986 to permit rollovers from retirement plans to health savings accounts. 

H.R. 1547/S. 836: Family Health Care Flexibility Act
Rep. Erik Paulsen (R-MN) and Sen. John Barrasso (R-WY)
Bill would repeal ACA restrictions on HSAs and FSAs by lifting the ban on purchasing Over-the-Counter (OTC) medication without a prescription.

H.R. 1752
Rep. Mike Kelly (R-PA)
A bill to amend the Internal Revenue Code of 1986 to make members of health care sharing ministries eligible to establish health savings accounts.

S. 1531
Sen. Bill Cassidy (R-LA)
A bill to reform the provision of health insurance coverage by promoting health savings accounts, State-based alternatives to coverage under the Affordable Care Act, and price transparency, in order to promote a more market-based health care system, and for other purposes.

H.R. 2756
Rep. Ralph Abraham (R-LA)
A bill to reform the provision of health insurance coverage by promoting health savings accounts, State-based alternatives to coverage under the Affordable Care Act, and price transparency, in order to promote a more market-based health care system.

Questions? Please contact Renee Galbraith for more information