H.R. 5858 (112th): Health Savings Accounts Improvements Act of 2012

Introduced:
May 29, 2012 (112th Congress, 2011–2013)
Sponsor:
Rep. Walter “Wally” Herger [R-CA2]
Status:
Died (Reported by Committee)

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was introduced on May 31, 2012, in a previous session of Congress, but was not enacted.

Progress
Introduced May 29, 2012
Referred to Committee May 29, 2012
Reported by Committee May 31, 2012
Cosponsors
1 cosponsors (1R) (show)
Committees

House Ways and Means

The committee chair determines whether a bill will move past the committee stage.

Full Title

To amend the Internal Revenue Code of 1986 to improve health savings accounts, and for other purposes.

Summary

No summaries available.

Text

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Last updated May 29, 2012.
10 pages

Primary Source

View on THOMAS (The Library of Congress)

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Citation

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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.

6/5/2012--Reported to House amended.
Health Savings Accounts Improvements Act of 2012 - Amends the Internal Revenue Code, with respect to health savings accounts (HSAs), to:
(1) allow a tax credit for retirement savings contributions for deductible contributions made to an HSA and salary reduction contributions under a cafeteria plan made by an employer to an HSA;
(2) provide a special rule to allow a tax deduction for medical expenses incurred before the establishment of an HSA;
(3) allow a husband and wife to make catch-up contributions to the same HSA;
(4) allow veterans who receive medical benefits for a service-connected disability to participate in an HSA; and
(5) allow HSA participants who are enrolled in a group health plan as a former employee or spouse of a former employee and who have attained age 55, but not age 65, to pay expenses for coverage under such plan from an HSA.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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The bill contains the following citations to other parts of U.S. law:

United States Code

The United States Code is the compilation of permanent laws enacted by Congress. Temporary and other non-permanent laws do not appear in the United States Code. (About half of the United States Code is the law itself, called positive law. The other half is merely a compilation of the laws but has no legal significance.)