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H.R. 4130: Keeping HSAs Accessible Act of 2019

The text of the bill below is as of Jul 30, 2019 (Introduced).


I

116th CONGRESS

1st Session

H. R. 4130

IN THE HOUSE OF REPRESENTATIVES

July 30, 2019

(for himself and Mr. Smith of Missouri) 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 ceiling on the sum of the annual deductible and the other annual out-of-pocket expenses required to be paid under a high deductible health plan.

1.

Short title

This Act may be cited as the Keeping HSAs Accessible Act of 2019.

2.

Repeal of ceiling on deductible and out-of-pocket expenses under a high deductible health plan

(a)

In general

Section 223(c)(2)A) of the Internal Revenue Code of 1986 is amended to read as follows:

(A)

High deductible health plan

The term high deductible health plan means a health plan which has an annual deductible which is not less than—

(i)

$1,000 for self-only coverage, and

(ii)

twice the dollar amount in clause (i) for family coverage.

.

(b)

Effective date

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