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Bill114th CongressFiled Jun 10, 2016Taxation
H.R. 5445

Health Care Security Act of 2016

Bill journey · stage 2 of 5

Under committee review

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What it doesSummary reported to house with amendment(s) (Jun 17, 2016)

Health Care Security Act of 2016

This bill amends the Internal Revenue Code to modify the rules for health savings accounts (HSAs) with respect to catch-up contributions for married couples, medical expenses incurred before an HSA is established, and contribution limits.

(Sec. 2) If both spouses of a married couple have family coverage under a high deductible health plan, each spouse may make catch-up contributions to the same HSA. (Catch-up contributions are additional contributions which individuals who are at least 55 years of age may make to an HSA.)

(Sec. 3) If an HSA is established within 60 days of the beginning of coverage under a high deductible health plan, any distribution from the HSA used to pay a qualified medical expense incurred during that 60-day period after the health coverage began is excludible from gross income. (Under current law, the medical expense must be incurred on or after the date that the HSA is established.)

(Sec. 4) The bill increases the maximum contribution limits for HSAs to equal the maximum for the sum of the annual deductible and out-of-pocket expenses that may be required to be paid for covered benefits under a high deductible health plan.

What just happenedJun 17, 2016

Placed on the Union Calendar, Calendar No. 486.

Who’s behind it

Rep. Paulsen, Erik [R-MN-3](R-MN)Sponsor
2 cosponsors2 R
Read on Congress.gov
2cosponsors1committees9actions2related bills4subjects
  1. Jun 17, 2016CalendarsH12410

    Placed on the Union Calendar, Calendar No. 486.

  2. Jun 17, 2016CommitteeH12200

    Reported (Amended) by the Committee on Ways and Means. H. Rept. 114-627.

    Ways and Means Committee
  3. Jun 17, 2016Committee5000

    Reported (Amended) by the Committee on Ways and Means. H. Rept. 114-627.

    Ways and Means Committee
  4. Jun 15, 2016Committee

    Ordered to be Reported (Amended) by the Yeas and Nays: 23 - 15.

    Ways and Means Committee
  5. Jun 15, 2016Committee

    Committee Consideration and Mark-up Session Held.

    Ways and Means Committee
  6. Jun 11, 2016Committee

    Referred to the Subcommittee on Health.

    Health Subcommittee
  7. Jun 10, 2016IntroReferralH11100

    Referred to the House Committee on Ways and Means.

    Ways and Means Committee
  8. Jun 10, 2016IntroReferralIntro-H

    Introduced in House

  9. Jun 10, 2016IntroReferral1000

    Introduced in House

Reported to House with amendment(s)Jun 17, 201617

Health Care Security Act of 2016

This bill amends the Internal Revenue Code to modify the rules for health savings accounts (HSAs) with respect to catch-up contributions for married couples, medical expenses incurred before an HSA is established, and contribution limits.

(Sec. 2) If both spouses of a married couple have family coverage under a high deductible health plan, each spouse may make catch-up contributions to the same HSA. (Catch-up contributions are additional contributions which individuals who are at least 55 years of age may make to an HSA.)

(Sec. 3) If an HSA is established within 60 days of the beginning of coverage under a high deductible health plan, any distribution from the HSA used to pay a qualified medical expense incurred during that 60-day period after the health coverage began is excludible from gross income. (Under current law, the medical expense must be incurred on or after the date that the HSA is established.)

(Sec. 4) The bill increases the maximum contribution limits for HSAs to equal the maximum for the sum of the annual deductible and out-of-pocket expenses that may be required to be paid for covered benefits under a high deductible health plan.

Introduced in HouseJun 10, 2016

This bill amends the Internal Revenue Code to modify the rules for health savings accounts (HSAs) with respect to catch-up contributions for married couples, medical expenses incurred before an HSA is established, and contribution limits.

If both spouses of a married couple have family coverage under a high deductible health plan, each spouse may make catch-up contributions to the same HSA. (Catch-up contributions are additional contributions which individuals who are at least 55 years of age may make to an HSA.)

If an HSA is established within 60 days of the beginning of coverage under a high deductible health plan, any distribution from the HSA used to pay a qualified medical expense incurred during that 60-day period after the health coverage began is excludible from gross income. (Under current law, the medical expense must be incurred on or after the date that the HSA is established.)

The bill increases the maximum contribution limits for HSAs to equal the maximum for the sum of the annual deductible and out-of-pocket expenses that may be required to be paid for covered benefits under a high deductible health plan.

Health Care Security Act of 2016 — Informed