HR 247 · 115th Congress · Taxation
Health Savings Account Expansion Act of 2017
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(2017-01-04)
Plain Language Summary
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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