Medisave Patient Empowerment Act of 1993

[AI summary unavailable — showing source text] Medisave Patient Empowerment Act of 1993 - Amends the Internal Revenue Code to allow to individuals a tax deduction for contributions made to a Medisave account established for the benefit of an eligible individual. Limits the amount of allowable contributions. Allows such deduction whether or not an individual itemizes deductions. Disallows distributions from such accounts as medical expense deductions. Excludes employer contributions to such accounts from employment taxes. Establishes an excise tax for excess contributions to such accounts.…