H.R. 5842 (112th): Restoring Access to Medication Act of 2012

112th Congress, 2011–2013. Text as of May 18, 2012 (Introduced).

Status & Summary | PDF | Source: GPO

I

112th CONGRESS

2d Session

H. R. 5842

IN THE HOUSE OF REPRESENTATIVES

May 18, 2012

(for herself, Mr. Paulsen, and Mr. Reichert) 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 repeal the amendments made by the Patient Protection and Affordable Care Act which disqualify expenses for over-the-counter drugs under health savings accounts and health flexible spending arrangements.

1.

Short title

This Act may be cited as the Restoring Access to Medication Act.

2.

Repeal of disqualification of expenses for over-the-counter drugs under health savings accounts and health flexible spending arrangements

(a)

HSAs

Subparagraph (A) of section 223(d)(2) of the Internal Revenue Code of 1986 is amended by striking the last sentence.

(b)

Archer MSAs

Subparagraph (A) of section 220(d)(2) of such Code is amended by striking the last sentence.

(c)

Health flexible spending arrangements and health reimbursement arrangements

Section 106 of such Code is amended by striking subsection (f).

(d)

Effective date

The amendments made by this section shall apply to expenses incurred after December 31, 2012.