3.0.0 5445 2023-01-11T13:32:48Z 2023-01-11T13:32:48Z House HR 2016-06-10 114 [Congressional Record Volume 162, Number 92 (Friday, June 10, 2016)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. PAULSEN:H.R. 5445.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8, Clause 1--power to lay and collecttaxes[Page H3704]]]> hswm00 Ways and Means Committee House Standing hswm02 Health Subcommittee Referred to 2016-06-11T15:38:14Z Reported by 2016-06-17T20:27:12Z Markup by 2016-06-15T17:54:51Z Referred to 2016-06-10T13:00:09Z H. Rept. 114-627 Restoring Access to Medication and Improving Health Savings Act of 2016 114 1270 HR 2016-07-11 Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 550. Related bill CRS Health Savings Account Act 114 1169 HR 2015-02-27 Referred to the House Committee on Ways and Means. Related bill CRS 2016-06-17 Placed on the Union Calendar, Calendar No. 486. Calendars H12410 2 House floor actions U00486 2016-06-17 Reported (Amended) by the Committee on Ways and Means. H. Rept. 114-627. Committee H12200 2 House floor actions hswm00 Ways and Means Committee 2016-06-17 Reported (Amended) by the Committee on Ways and Means. H. Rept. 114-627. Committee 5000 9 Library of Congress hswm00 Ways and Means Committee 2016-06-15 hswm00 Ways and Means Committee 1 House committee actions Ordered to be Reported (Amended) by the Yeas and Nays: 23 - 15. Committee 2016-06-15 hswm00 Ways and Means Committee 1 House committee actions Committee Consideration and Mark-up Session Held. Committee 2016-06-11 hswm02 Health Subcommittee 1 House committee actions Referred to the Subcommittee on Health. Committee 2016-06-10 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2016-06-10 Introduced in House IntroReferral Intro-H 9 Library of Congress 2016-06-10 Introduced in House IntroReferral 1000 9 Library of Congress P000594 Rep. Paulsen, Erik [R-MN-3] Erik Paulsen R MN 3 N B001248 Rep. Burgess, Michael C. [R-TX-26] Michael Burgess R TX C. 26 2016-06-10 True S001187 Rep. Stivers, Steve [R-OH-15] Steve Stivers R OH 15 2016-06-16 False 2016-06-17T16:51:00Z H.R. 5445, Health Care Security Act of 2016 https://www.cbo.gov/publication/51698 As ordered reported by the House Committee on Ways and Means on June 15, 2016 Taxation Health care costs and insurance Health care coverage and access Income tax deductions Marriage and family status Taxation 00 2016-06-10 Introduced in House 2016-10-12T18:31:51Z This bill amends the Internal Revenue Code to modify the rules for health savings accounts (HSAs) with respect to catch-up contributions for married couples, medical expenses incurred before an HSA is established, and contribution limits.

If both spouses of a married couple have family coverage under a high deductible health plan, each spouse may make catch-up contributions to the same HSA. (Catch-up contributions are additional contributions which individuals who are at least 55 years of age may make to an HSA.)

If an HSA is established within 60 days of the beginning of coverage under a high deductible health plan, any distribution from the HSA used to pay a qualified medical expense incurred during that 60-day period after the health coverage began is excludible from gross income. (Under current law, the medical expense must be incurred on or after the date that the HSA is established.)

The bill increases the maximum contribution limits for HSAs to equal the maximum for the sum of the annual deductible and out-of-pocket expenses that may be required to be paid for covered benefits under a high deductible health plan.

]]> 17 2016-06-17 Reported to House with amendment(s) 2016-10-12T18:34:10Z Health Care Security Act of 2016

This bill amends the Internal Revenue Code to modify the rules for health savings accounts (HSAs) with respect to catch-up contributions for married couples, medical expenses incurred before an HSA is established, and contribution limits.

(Sec. 2) If both spouses of a married couple have family coverage under a high deductible health plan, each spouse may make catch-up contributions to the same HSA. (Catch-up contributions are additional contributions which individuals who are at least 55 years of age may make to an HSA.)

(Sec. 3) If an HSA is established within 60 days of the beginning of coverage under a high deductible health plan, any distribution from the HSA used to pay a qualified medical expense incurred during that 60-day period after the health coverage began is excludible from gross income. (Under current law, the medical expense must be incurred on or after the date that the HSA is established.)

(Sec. 4) The bill increases the maximum contribution limits for HSAs to equal the maximum for the sum of the annual deductible and out-of-pocket expenses that may be required to be paid for covered benefits under a high deductible health plan.

]]> Health Care Security Act of 2016 Display Title Health Care Security Act of 2016 Official Title as Introduced To amend the Internal Revenue Code of 1986 to improve the rules with respect to health savings accounts. Introduced in House IH Short Titles as Reported to House Health Care Security Act of 2016 H House Reported in House 2016-06-17T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr5445rh/xml/BILLS-114hr5445rh.xml Introduced in House 2016-06-10T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr5445ih/xml/BILLS-114hr5445ih.xml 2016-06-17 Placed on the Union Calendar, Calendar No. 486. 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. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.