117 HR 7435 IH: Health Savings for Seniors Act
U.S. House of Representatives
2022-04-07
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EN
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1.This Act may be cited as the Health Savings for Seniors Act
.2.Coverage under Medicare permissible for purposes of contributions to health savings accounts(a)Medicare made an HSA-Eligible plan(1)Subparagraph (A) of section 223(c)(2) of the Internal Revenue Code of 1986 is amended to read as follows:(A)The term HSA-qualified health plan means—(i)a health plan—(I)which has an annual deductible which is not less than—- (aa)$1,000 for self-only coverage, and
- (bb)twice the dollar amount in item (aa) for family coverage, and
(II)the sum of the annual deductible and the other annual out-of-pocket expenses required to be paid under the plan (other than for premiums) for covered benefits does not exceed—- (aa)$5,000 for self-only coverage, and
- (bb)twice the dollar amount in item (aa) for family coverage, and
(ii)in the case of an individual enrolled under title XVIII of the Social Security Act, coverage under title XVIII of such Act..(2)Paragraph (1) of section 223(c) of such Code is amended by adding at the end the following:(G)Special rule for individuals enrolled in MedicareAn individual enrolled under title XVIII of the Social Security Act shall not fail to be treated as an eligible individual for any period merely because the individual during such period is covered under a health plan described in subclauses (I) and (II) of subparagraph (A)(ii)..(3)Exclusion of Medicare premiums as qualified medical expenseSubparagraph (C) of section 223(d)(2) of such Code is amended by inserting or
at the end of clause (ii), by striking or
at the end of clause (iii) and inserting a period, and by striking clause (iv).(4)Repeal of exception to additional tax after Medicare eligibilityParagraph (4) of section 223(f) of such Code is amended by striking subparagraph (C).(5)Additional conforming amendments(A)Section 223 of such Code is amended by striking “high deductible health plan” each place it appears in the text and inserting “HSA-qualified health plan”.(B)(i)The heading for paragraph (2) of section 223(c) of such Code is amended by striking “High deductible health plan” and inserting “HSA-qualified health plan”.(ii)Section 408(d)(9) of such Code is amended—(I)by striking “high deductible health plan” each place it appears in the text in subparagraph (C) and inserting “HSA-qualified health plan”; and(II)by striking “High deductible health plan” in the heading of subparagraph (D) and inserting “HSA-qualified health plan”.(iii)Section 106(e) of such Code is amended—(I)by striking “High deductible health plan” in the heading of paragraph (3) and inserting “HSA-qualified health plan”; and(II)by striking “high deductible health plan” in paragraph (5)(B)(ii) and inserting “HSA-qualified health plan”.(b)Repeal of Medicare limitation on deduction for contributions(1)Subsection (b) of section 223 of such Code is amended by striking paragraph (7) and redesignating paragraph (8) as paragraph (7).(2)Section 26(b)(2)(S) of such Code is amended by striking 223(b)(8)(B)(i)(II),
and inserting 223(b)(7)(B)(i)(II),
.(c)The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.