US HB5858 | 2011-2012 | 112th Congress

Status

Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on May 29 2012 - 25% progression, died in chamber
Action: 2012-06-05 - Placed on the Union Calendar, Calendar No. 365.
Text: Latest bill text (Introduced) [PDF]

Summary

Health Savings Accounts Improvements Act of 2012 - Amends the Internal Revenue Code, with respect to health savings accounts (HSAs), to: (1) allow a tax credit for retirement savings contributions for deductible contributions made to an HSA and salary reduction contributions under a cafeteria plan made by an employer to an HSA; (2) provide a special rule to allow a tax deduction for medical expenses incurred before the establishment of an HSA; (3) allow a husband and wife to make catch-up contributions to the same HSA; (4) allow veterans who receive medical benefits for a service-connected disability to participate in an HSA; and (5) allow HSA participants who are enrolled in a group health plan as a former employee or spouse of a former employee and who have attained age 55, but not age 65, to pay expenses for coverage under such plan from an HSA.

Tracking Information

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Title

Health Savings Accounts Improvements Act of 2012

Sponsors


History

DateChamberAction
2012-06-05HousePlaced on the Union Calendar, Calendar No. 365.
2012-06-05HouseReported (Amended) by the Committee on Ways and Means. H. Rept. 112-517.
2012-05-31HouseOrdered to be Reported (Amended) by the Yeas and Nays: 21 - 7.
2012-05-31HouseCommittee Consideration and Mark-up Session Held.
2012-05-29HouseReferred to the House Committee on Ways and Means.

Subjects


US Congress State Sources


Bill Comments

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