US Congress Senate Bill 403 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 3-0)
Status: Introduced on February 15 2017 - 25% progression, died in committee
Action: 2017-02-15 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Health Savings Act of 2017 This bill amends the Internal Revenue Code, with respect to health savings accounts (HSAs), to: rename high deductible health plans as HSA-qualified health plans; allow spouses who have both attained age 55 to make catch-up contributions to the same HSA; make Medicare Part A (hospital insurance benefits) beneficiaries eligible to participate in an HSA; allow individuals eligible for hospital care or medical services under a program of the Indian Health Service or a tribal organization to participate in an HSA; allow members of a health care sharing ministry to participate in an HSA; allow individuals who receive primary care services in exchange for a fixed periodic fee or payment, or who receive health care benefits from an onsite medical clinic of an employer, to participate in an HSA; include amounts paid for prescription and over-the-counter medicines or drugs as "qualified medical expenses" for which distributions from an HSA or other tax-preferred savings accounts may be used; increase the limits on HSA contributions to match the sum of the annual deductible and out-of-pocket expenses permitted under a high deductible health plan; and allow HSA distributions to be used to purchase health insurance coverage. The bill also: (1) amends the federal bankruptcy code to exempt HSAs from creditor claims in bankruptcy, and (2) amends the Social Security Act to reauthorize Medicaid health opportunity accounts. The bill allows a medical care tax deduction for: (1) exercise equipment, physical fitness programs, and membership at a fitness facility; (2) nutritional and dietary supplements; and (3) periodic fees paid to a primary care physician and amounts paid for pre-paid primary care services.

Health Savings Act of 2017

Sen. Orrin Hatch [R-UT]

Sen. Marco Rubio [R-FL]

Sen. Lisa Murkowski [R-AK]

Date	Chamber	Action
2017-02-15	Senate	Read twice and referred to the Committee on Finance.

HB365 (Related) 2017-01-06 - Referred to the House Committee on Ways and Means.
HB1175 (Same As) 2017-03-16 - Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.
HB1280 (Related) 2017-03-01 - Referred to the House Committee on Ways and Means.
HB1476 (Related) 2018-07-25 - Received in the Senate and Read twice and referred to the Committee on Finance.
SB43 (Related) 2017-01-05 - Read twice and referred to the Committee on Finance.
HB6306 (Related) 2018-07-19 - Placed on the Union Calendar, Calendar No. 656.

Type	Source
Summary	https://www.congress.gov/bill/115th-congress/senate-bill/403/all-info
Text	https://www.congress.gov/115/bills/s403/BILLS-115s403is.pdf