II 109th CONGRESS 2d Session S. 2549 IN THE SENATE OF THE UNITED STATES April 5, 2006 Mr. DeMint introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To amend the Internal Revenue Code of 1986 to expand the use of health savings accounts for the payment of health insurance premiums for high deductible health plans purchased in the individual market.

1.

Short title

This Act may be cited as the Health Savings Account Affordability Act.

2.

Expansion of use of health savings accounts for health insurance premium payments for certain high deductible health plans

(a)

In general

Subparagraph (C) of section 223(d)(2) of the Internal Revenue Code of 1986 (relating to qualified medical expenses) is amended by striking or at the end of clause (iii), by striking the period at the end of clause (iv), and by adding at the end the following new clause: (v)any high deductible health plan other than a group health plan (as defined in section 5000(b)(1)). . (b)

Effective date

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