HR 247 · 115th Congress · Taxation

Health Savings Account Expansion Act of 2017

Introduced 2017-01-04· Sponsored by Rep. Brat, Dave [R-VA-7]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2017-01-04)

Plain Language Summary

[AI summary unavailable — showing source text] Health Savings Account Expansion Act of 201 7 This bill amends the Internal Revenue Code to modify the requirements for health savings accounts (HSAs) to: increase the maximum contribution amounts, permit the use of HSAs to pay health insurance premiums and direct primary care expenses, repeal the restriction on using HSAs for over-the-counter medications, eliminate the requirement that a participant in an HSA be enrolled in a high deductible health care plan, and decrease the additional tax for HSA distributions not used for qualified medical expenses.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (18)

18 Republicans