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H.R. 6309House115th Congress (2017-2019)In Committee

Allowing Working Seniors to Keep Their Health Savings Accounts Act of 2018

Sponsored by Erik PaulsenRep. Erik Paulsen (R-MN)
Introduced July 6, 2018

AI-Generated Summary

Updated April 15, 2026 at 10:52 PM UTC

The bill changes the tax law so that people who are 65 or older and receive Medicare Part A because of their age can still make contributions to a Health Savings Account (HSA). It would let working seniors keep their HSAs even after they become eligible for Medicare, affecting seniors who are still employed and want to use HSAs for medical expenses.

Key Provisions

  • Amends the Internal Revenue Code to add a new exception (entitlement to Medicare Part A by age) that permits those seniors to contribute to HSAs.
  • Updates related language in the code to ensure the new exception is excluded from other restrictions on HSA contributions.
  • Sets the changes to take effect for months beginning after December 31, 2018, and for taxable years ending after that date.

Legislative Activity

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5 earlier actions
HouseCalendars Latest Action

Placed on the Union Calendar, Calendar No. 659.

July 19, 2018

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HouseIntro Referral

Introduced in House

July 6, 2018

HouseIntro Referral

Referred to the House Committee on Ways and Means.

Ways and Means Committee

July 6, 2018

HouseCommittee

Committee Consideration and Mark-up Session Held.

Ways and Means Committee

July 11, 2018

HouseCommittee

Ordered to be Reported (Amended) by the Yeas and Nays: 23 - 16.

Ways and Means Committee

July 11, 2018

HouseCommittee

Reported (Amended) by the Committee on Ways and Means. H. Rept. 115-851.

Ways and Means Committee

July 19, 2018

HouseCalendars

Placed on the Union Calendar, Calendar No. 659.

July 19, 2018

Bill Text

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Reported in HouseIssued July 19, 2018

IB

Union Calendar No. 659

115th CONGRESS

2d Session

H. R. 6309

[Report No. 115–851]

IN THE HOUSE OF REPRESENTATIVES

July 6, 2018

Mr. Paulsen introduced the following bill; which was referred to the Committee on Ways and Means

July 19, 2018

Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed

Strike out all after the enacting clause and insert the part printed in italic

For text of introduced bill, see copy of bill as introduced on July 6, 2018

A BILL

To amend the Internal Revenue Code of 1986 to allow individuals entitled to Medicare Part A by reason of being over age 65 to contribute to health savings accounts.

1.

Short title

This Act may be cited as the Allowing Working Seniors to Keep Their Health Savings Accounts Act of 2018.

2.

Individuals entitled to part A of Medicare by reason of age allowed to contribute to health savings accounts

(a)

In general

Section 223(c)(1)(B) of the Internal Revenue Code of 1986 is amended by striking and at the end of clause (ii), by striking the period at the end of clause (iii) and inserting , and, and by adding at the end the following new clause:

(iv)

entitlement to hospital insurance benefits under part A of title XVIII of the Social Security Act by reason of section 226(a) of such Act.

.

(b)

Conforming amendment

Section 223(b)(7) of such Code is amended by inserting (other than an entitlement to benefits described in subsection (c)(1)(B)(iv)) after Social Security Act.

(c)

Effective date

The amendments made by this section shall apply to months beginning after December 31, 2018, in taxable years ending after such date.

July 19, 2018

Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed