[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3871 Introduced in House (IH)]

113th CONGRESS
  2d Session
                                H. R. 3871

     To amend the Internal Revenue Code of 1986 to allow increased 
  contributions to health savings accounts, to allow Medicare and VA 
 healthcare participants to contribute to health savings accounts, and 
                          for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 14, 2014

 Mr. Boustany 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 increased 
  contributions to health savings accounts, to allow Medicare and VA 
 healthcare participants to contribute to health savings accounts, and 
                          for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Promoting Health for Future 
Generations Act of 2014''.

SEC. 2. INCREASE IN HSA CONTRIBUTION LIMITATION.

    (a) In General.--Subsection (b) of section 223 of the Internal 
Revenue Code of 1986 (relating to monthly limitation) is amended--
            (1) by striking ``$2,250'' in paragraph (2)(A) and 
        inserting ``the amount in effect under subsection 
        (c)(2)(A)(ii)(I)'', and
            (2) by striking ``$4,500'' in paragraph (2)(B) and 
        inserting ``the amount in effect under subsection 
        (c)(2)(A)(ii)(II)''.
    (b) Conforming Amendment.--Paragraph (1) of section 223(g) of such 
Code is amended by striking ``subsections (b)(2) and'' and inserting 
``subsection''.
    (c) Effective Date.--The amendments made by this section shall 
apply to contributions for taxable years beginning after December 31, 
2014.

SEC. 3. MEDICARE AND VA HEALTHCARE ENROLLEES ELIGIBLE TO CONTRIBUTE TO 
              HSA.

    (a) In General.--
            (1) Subsection (b) of section 223 of the Internal Revenue 
        Code of 1986 is amended by striking paragraph (7) and 
        redesignating paragraph (8) as paragraph (7).
            (2) Subsection (c) of section 223 of such Code (relating to 
        definitions and special rules) is amended by adding at the end 
        the following new paragraph:
            ``(6) Special rule for individuals entitled to benefits 
        under medicare or enrolled for health benefits from va.--In the 
        case of an individual--
                    ``(A)(i) who is entitled to benefits under title 
                XVIII of the Social Security Act, and
                    ``(ii) with respect to whom a health savings 
                account is established in a month before the first 
                month such individual is entitled to such benefits, or
                    ``(B)(i) who is enrolled in the patient enrollment 
                system established by the Secretary of Veterans Affairs 
                pursuant to section 1705 of title 38, United States 
                Code, and
                    ``(ii) with respect to whom a health savings 
                account is established in a month before the first 
                month such individual is enrolled in such system,
        such individual shall be deemed to be an eligible 
        individual.''.
    (b) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2014.

SEC. 4. ALLOWING MSA AND HSA ROLLOVER TO ADULT CHILD OF ACCOUNT HOLDER.

    (a) MSAs.--
            (1) Subparagraph (A) of section 220(f)(8) of the Internal 
        Revenue Code of 1986 (relating to treatment after death of 
        account holder) is amended--
                    (A) by inserting ``or adult child'' after 
                ``surviving spouse'',
                    (B) by inserting ``or adult child, as the case may 
                be,'' after ``the spouse'', and
                    (C) by inserting ``or adult child'' after 
                ``spouse'' in the heading thereof.
            (2) Paragraph (8) of section 220(f) of such Code is amended 
        by adding at the end the following new subparagraph:
                    ``(C) Adult child.--For purposes of this paragraph, 
                the term `adult child' means an individual--
                            ``(i) who is a child of the deceased 
                        individual, and
                            ``(ii) with respect to whom a deduction 
                        under section 151 would not be allowable to 
                        another taxpayer for a taxable year beginning 
                        in the calendar year in which such individual's 
                        taxable year begins.''.
    (b) HSAs.--
            (1) Subparagraph (A) of section 223(f)(8) of such Code 
        (relating to treatment after death of account beneficiary) is 
        amended--
                    (A) by inserting ``or adult child'' after 
                ``surviving spouse'',
                    (B) by inserting ``or adult child, as the case may 
                be,'' after ``the spouse'', and
                    (C) by inserting ``or adult child'' after 
                ``spouse'' in the heading thereof.
            (2) Paragraph (8) of section 223(f) of such Code is amended 
        by adding at the end the following new subparagraph:
                    ``(C) Adult child.--For purposes of this paragraph, 
                the term `adult child' has the meaning given to such 
                term by section 220(f)(8)(C).''.
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2014.
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