114 S836 IS: Family Health Care Flexibility Act U.S. Senate 2015-03-23 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
II114th CONGRESS1st SessionS. 836IN THE SENATE OF THE UNITED STATESMarch 23, 2015Mr. Barrasso (for himself, Ms. Ayotte, Mr. Burr, Mr. Crapo, Mr. Isakson, Mr. Risch, Mr. Roberts, and Mr. Wicker) introduced the following bill; which was read twice and referred to the Committee on FinanceA BILLTo amend the Internal Revenue Code of 1986 to repeal certain limitations on health care benefits enacted by the Patient Protection and Affordable Care Act.
1.
Short title
This Act may be cited as the Family Health Care Flexibility Act.
2.
Repeal of distributions for medicine qualified only if for prescribed drug or insulin
(a)
HSAs
Subparagraph (A) of section 223(d)(2) of the Internal Revenue Code of 1986 is amended by striking the last sentence. (b)
Archer MSAs
Subparagraph (A) of section 220(d)(2) of the Internal Revenue Code of 1986 is amended by striking the last sentence. (c)
Health flexible spending arrangements and health reimbursement arrangements
Section 106 of the Internal Revenue Code of 1986 is amended by striking subsection (f). (d)
Effective dates
(1)
Distributions from savings accounts
The amendments made by subsections (a) and (b) shall apply to amounts paid with respect to taxable years beginning after December 31, 2015. (2)
Reimbursements
The amendment made by subsection (c) shall apply to expenses incurred with respect to taxable years beginning after December 31, 2015.
3.
Repeal of limitation on health flexible spending arrangements under cafeteria plans
(a)
In general
Section 125 of the Internal Revenue Code of 1986 is amended— (1)by striking subsection (i), and (2)by redesignating subsections (j), (k), and (l) as subsections (i), (j), and (k), respectively. (b)
Effective date
The amendments made by this section shall apply to taxable years beginning after December 31, 2015.