H.R. 3971 · 111th Congress

Health Savings Account Expansion Act of 2009

Stage
In committee
Sponsor
Jeff Flake
Introduced
2009-10-29
Latest action
2009-10-29 · Introduced in House

Summary

Health Savings Account Expansion Act of 2009 - Amends Internal Revenue Code provisions relating to health savings accounts (HSAs) to: (1) eliminate the high deductible health plan coverage requirement for HSA participants; (2) eliminate the prohibition against purchasing health insurance from an HSA; and (3) increase to $8,000 the maximum dollar amount of the tax deduction for payments to an HSA.

Eliminates after 2009 the tax exclusions for employee benefits under an employer-provided accident or health plan and the tax deductions for the health insurance costs of self-employed individuals, for medical and dental expenses, and for employer payments for employee medical care.