II
109th CONGRESS
2d Session
S. 2554
IN THE SENATE OF THE UNITED STATES
April 5, 2006
Mr. Ensign (for himself and Mr. DeWine) introduced the following bill; which was read twice and referred to the Committee on Finance
A BILL
To amend the Internal Revenue Code of 1986 to expand the permissible use of health savings accounts to include premiums for non-group high deductible health plan coverage.
Short title
This Act may be cited as the
Affordability in the Individual Market
Act
.
Use of health savings accounts for non-group high deductible health plan premiums
In general
Section 223(d)(2)(C)
of the Internal Revenue Code of 1986 (relating to exceptions) is amended by
striking or
at the end of clause (iii), by striking the period
at the end of clause (iv) and inserting , or
, and by adding at
the end the following new clause:
a high deductible health plan, other than a group health plan (as defined in section 5000(b)(1)).
.
Effective date
The amendment made by this section shall apply to taxable years beginning after December 31, 2006.