Helping Save Americans' Health Care Choices Act of 2012

[AI summary unavailable — showing source text] Helping Save Americans' Health Care Choices Act of 2012 - Amends the Patient Protection and Affordable Care Act (PPACA) to repeal: (1) the 20% penalty for distributions from a health savings account (HSA) or an Archer medical savings account (Archer MSA) not used for qualified medical expenses, (2) the prohibition on distributions from an HSA for over-the-counter drugs, and (3) the limitation on health flexible spending arrangements under cafeteria plans. Allows the treatment of a high deductible health plan as a qualified health plan under PPACA. Amends the Internal Revenue Code to allow: (1) a retirement savings tax credit for contributions to an HSA, (2) payment of premiums for high deductible health plans from an HSA, (3) a tax deduction for medical expenses incurred prior to the establishment of an HSA, (4) an increase of the HSA maximum allowable contribution amount to match the limit on deductible and out-of-pocket expenses under an HSA, (5) an exclusion from gross income of employer-provided coverage for qualified long-term care services that is provided through a flexible spending or similar arrangement, (6) eligibility for veterans with a service-connected …