S.Amdt. 988

SA 988. Mr. SASSE submitted an amendment intended to be proposed to
amendment SA 891 proposed by Mr. Schumer to the bill H.R. 1319, to
provide for reconciliation pursuant to title II of S. Con. Res. 5;
which was ordered to lie on the table; as follows:

Strike sections 9661, 9662, and 9663 and insert the
following:

SEC. 9661. EXPANSION OF HEALTH SAVINGS ACCOUNT ELIGIBILITY.

(a) In General.--Section 223 of the Internal Revenue Code
of 1986 is amended--
(1) in subsection (b)--
(A) in paragraph (2)--
(i) in subparagraph (A), by striking ``high deductible
health plan as of the first day of such month, $2,250'' and
inserting ``qualified health plan as of the first day of such
month, $5,000'', and
(ii) in subparagraph (B), by striking ``high deductible
health plan as of the first day of such month, $4,500'' and
inserting ``qualified health plan as of the first day of such
month, twice the dollar amount under subparagraph (A)'', and
(B) in paragraph (8)--
(i) in subparagraph (A)(ii), by striking ``high deductible
health plan'' and inserting ``qualified health plan'', and
(ii) in the heading of subparagraph (B), by striking ``high
deductible health plan'' and inserting ``qualified health
plan'',
(2) in subsection (c)--
(A) in paragraph (1)(A), by striking ``high deductible
health plan'' each place is appears and inserting ``qualified
health plan'', and
(B) in paragraph (2)--
(i) in the heading, by striking ``High deductible health
plan'' and inserting ``Qualified health plan'',
(ii) by amending subparagraph (A) to read as follows:
``(A) In general.--The term `qualified health plan' means a
health plan that provides a level of coverage that is
designed to provide benefits that are actuarially equivalent
to not greater than 80 percent of the full actuarial value of
the benefits provided under the plan.'',
(iii) by amending subparagraph (C) to read as follows:
``(C) Absence of deductible.--A health plan shall not fail
to be treated as a qualified health plan by reason of failing
to have a deductible for any care, services, or coverage,
such as preventive care, primary care, or prescription drug
coverage.'',
(iv) by striking ``high deductible'' in subparagraph (E)
and inserting ``qualified'',
(v) by striking subparagraph (D), and
(vi) by redesignating subparagraphs (E) (as so amended) and
(F) as subparagraphs (D) and (E), respectively.
(3) in subsection (g)(1)--
(A) by striking ``Each dollar amount in subsections (b)(2)
and (c)(2)(A)'' and inserting ``The dollar amount in
subsection (b)(2)(A)'',
(B) by amending subparagraph (B) to read as follows:
``(B) the cost-of-living adjustment determined under
section 1(f)(3) for the calendar year in which such taxable
year begins, determined by substituting `2003' for `2016' in
subparagraph (A)(ii) thereof.'', and
(C) by striking ``adjusted amounts under subsections (b)(2)
and (c)(2)(A)'' and inserting ``adjusted amounts under
subsection (b)(2)'', and
(4) in subsection (h)(2), by striking ``high deductible
health plan'' and inserting ``qualified health plan''.
(b) Conforming Amendments.--
(1) Section 26(b)(2)(S) of the Internal Revenue Code of
1986 is amended by striking ``high deductible health plan''
and inserting ``qualified health plan''.
(2) Section 106(e) of such Code is amended--
(A) in the heading of paragraph (3), by striking ``high
deductible health plan'' and inserting ``qualified health
plan'', and
(B) in paragraph (5)(B)(ii), by striking ``high deductible
health plan'' and inserting ``qualified health plan''.
(3) Section 408(d)(9) of such Code is amended--
(A) in subparagraph (C)--
(i) in clause (i)(I), by striking ``high deductible health
plan'' and inserting ``qualified health plan'', and
(ii) in clause (ii)(II), by striking ``high deductible
health plan'' each place it appears and inserting ``qualified
health plan'', and
(B) in the heading of subparagraph (D), by striking ``high
deductible health plan'' and inserting ``qualified health
plan''.
(4) Section 1906A(b)(2)(B) of the Social Security Act (42
U.S.C. 1396e-1(b)(2)(B)) is amended by striking ``high
deductible health plan'' and inserting ``qualified health
plan''.

[[Page S1214]]

(5) Section 1938(a)(3) of the Social Security Act (42
U.S.C. 1396u-8(a)(3)) is amended by inserting ``(as in effect
on the day before the date of the enactment of the American
Rescue Plan Act of 2021)'' after ``section 223(c)(2)(C) of
the Internal Revenue Code of 1986''.
(6) Section 2105(c)(10)(B)(ii)(II) of the Social Security
Act (42 U.S.C. 1397ee(c)(10)(B)(ii)(II)) is amended by
striking ``high deductible health plan'' and inserting
``qualified health plan''.
(7) Section 1101(c)(2)(B)(ii) of the Patient Protection and
Affordable Care Act (42 U.S.C. 18001(c)(2)(B)(ii)) is amended
by striking ``section 223(c)(2)'' and inserting ``section
223(b)(2)''.
(c) Effective Date.--The amendments made by this section
shall apply to taxable years beginning after December 31,
2020.
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