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H.R. 1169 (114th): Health Savings Account Act

The text of the bill below is as of Feb 27, 2015 (Introduced).


I

114th CONGRESS

1st Session

H. R. 1169

IN THE HOUSE OF REPRESENTATIVES

February 27, 2015

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 increase the maximum contribution limit for health savings accounts.

1.

Short title

This Act may be cited as the Health Savings Account Act.

2.

Maximum contribution limit to HSA increased to amount of deductible and out-of-pocket limitation

(a)

Self-Only coverage

Section 223(b)(2)(A) of the Internal Revenue Code of 1986 is amended by striking $2,250 and inserting the amount in effect under subsection (c)(2)(A)(ii)(I).

(b)

Family coverage

Section 223(b)(2)(B) of such Code is amended by striking $4,500 and inserting the amount in effect under subsection (c)(2)(A)(ii)(II).

(c)

Effective date

The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.