H.R. 6309

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

Latest

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