HR 408
115th Congress
House
Taxation
Bank accounts, deposits, capital
Health care costs and insurance
Income tax deductions
Inflation and prices
Medicare
American Future Healthcare Act of 2017
Introduced: January 10, 2017
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 10, 2017
Referred to the House Committee on Ways and Means.
Jan 10, 2017
Introduced in House
Plain-English summary
American Future Healthcare Act of 2017
This bill amends the Internal Revenue Code, with respect to health savings accounts (HSAs), to:
- repeal the requirement that an individual making a tax deductible contribution to an HSA be covered by a high deductible health care plan;
- increase the maximum HSA contribution level;
- allow Medicare eligible individuals to contribute to an HSA;
- allow HSAs to be used to purchase health insurance;
- provide a cost-of-living adjustment for the limits on additional contributions for individuals 55 or older (catch-up contributions);
- require the cost-of-living adjustments to be indexed to the CPI medical care component (the medical care component for the Consumer Price Index for All Urban Consumers published by the Department of Labor); and
- allow a rollover of HSA amounts to a Medicare Advantage Medical Savings Account (MSA).
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1