109 HR 5586 IH: HSA Premium Affordability Act of U.S. House of Representatives 2006-06-12 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.

I 109th CONGRESS 2d Session H. R. 5586 IN THE HOUSE OF REPRESENTATIVES June 12, 2006 Mr. Sam Johnson of Texas (for himself and Mr. Cantor) introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to allow distributions from health savings accounts to be used for the purchase of non-group coverage under high deductible health insurance.

1.

Short title

This Act may be cited as the HSA Premium Affordability Act of 2006.

2.

Use of health savings accounts for non-group high deductible health plan premiums

(a)

In general

Section 223(d)(2)(C) of the Internal Revenue Code of 1986 (relating to exceptions) is amended by striking or at the end of clause (iii), by striking the period at the end of clause (iv) and inserting , or, and by adding at the end the following new clause: (v)a high deductible health plan, other than a group health plan (as defined in section 5000 without regard to subsection (d)). . (b)

Effective date

The amendment made by this section shall apply to taxable years beginning after December 31, 2006.