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]
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.
Title
Health Savings Accounts Improvements Act of 2012
Sponsors
Rep. Wally Herger [R-CA] | Rep. Diane Black [R-TN] |
History
Date | Chamber | Action |
---|---|---|
2012-06-05 | House | Placed on the Union Calendar, Calendar No. 365. |
2012-06-05 | House | Reported (Amended) by the Committee on Ways and Means. H. Rept. 112-517. |
2012-05-31 | House | Ordered to be Reported (Amended) by the Yeas and Nays: 21 - 7. |
2012-05-31 | House | Committee Consideration and Mark-up Session Held. |
2012-05-29 | House | Referred to the House Committee on Ways and Means. |
Subjects
Employee benefits and pensions
Health care costs and insurance
Income tax credits
Income tax deductions
Taxation
Veterans' medical care
Health care costs and insurance
Income tax credits
Income tax deductions
Taxation
Veterans' medical care