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H.R. 3971

BillFederalHouseIn Committee
Health Savings Account Expansion Act of 2009
About This Bill
Committee
Latest Action · October 29, 2009
Referred to the House Committee on Ways and Means.
Congress
111th (2009–2011)
Introduced
October 29, 2009
Sponsor
Rep. Jeff FlakeR
Cosponsors (0)
None
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Summary

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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.

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