S. 28 · 115th Congress
Health Savings Account Expansion Act of 2017
- Stage
- In committee
- Sponsor
- Jeff Flake
- Introduced
- 2017-01-04
- Latest action
- 2017-01-04 · Introduced in Senate
Summary
Health Savings Account Expansion Act of 2017
This bill amends the Internal Revenue Code to modify the requirements for health savings accounts (HSAs) to:
increase the maximum contribution amounts, permit the use of HSAs to pay health insurance premiums and direct primary care expenses, repeal the restriction on using HSAs for over-the-counter medications, eliminate the requirement that a participant in an HSA be enrolled in a high deductible health care plan, and decrease the additional tax for HSA distributions not used for qualified medical expenses.