Health Services Act of 1987

[AI summary unavailable — showing source text] Health Services Act of 1987 - Amends the Internal Revenue Code to allow a deduction for amounts paid by or on behalf of an individual to a health services account. Limits the amount of the allowable deduction to any individual for any taxable year to $2,000. Defines a "health services account" as a trust created or organized exclusively to pay qualified health expenses of the distributee. Sets forth various requirements for the trust. Defines "qualified health expenses" as amounts paid for: (1) care of the distributee at a skilled nursing facility; (2) care of the distributee at an intermediate care facility; (3) care at any other long-term facility which provides nursing or custodial care; (4) home health care of the distributee prescribed by, and under the supervision of, a qualified physician; (5) Medicare supplemental policies for the distributee; or (6) health services supplemental policies for the distributee. Defines a "health services supplemental policy" as a health insurance policy or other health benefit plan offered by a private entity to an individual which provides reimbursement for expenses incurred, or services for, catastrophic and long-term care. Requires the Secr…