GovTrack’s Bill Summary
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Library of Congress Summary
The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.
Family and Retirement Health Investment Act of 2008 - Amends Internal Revenue Code provisions relating to health savings accounts (HSAs) to:
(1) permit holders of HSAs and their spouses who are age 55 or older to make an additional (catch-up) contribution to a joint HSA;
(2) allow Medicare beneficiaries to continue to contribute to HSA accounts after reaching age 65 and to make contributions to medical savings accounts;
(3) permit veterans with service-connected disabilities and Native Americans to contribute to an HSA regardless of utilization of Department of Veteran Affairs (VA) medical services or Indian Health Service or tribal medical services;
(4) allow increased rollovers from flexible spending arrangements or health reimbursement arrangements into HSAs;
(5) permit the payment of Medicare premiums for a spouse on Medicare from an HSA even though the HSA account holder is not age 65;
(6) allow the payment of medical expenses from an HSA as long as the HSA is established by the tax return due date in the following taxable year;
(7) expand the definition of "preventive care" to include medications that prevent the worsening of a chronic condition; and
(8) treat as medical care for tax deduction and HSA purposes payments for exercise and physical fitness programs and certain nutritional and dietary supplements, up to $1,000 per year, and the payment of fees paid in advance to a primary physician for the right to receive medical services on an as-needed basis.
House Republican Conference Summary
The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.
No summary available.
House Democratic Caucus Summary
The House Democratic Caucus does not provide summaries of bills.
So, yes, we display the House Republican Conference’s summaries when available even if we do not have a Democratic summary available. That’s because we feel it is better to give you as much information as possible, even if we cannot provide every viewpoint.
We’ll be looking for a source of summaries from the other side in the meanwhile.