Stop Penalizing Working Seniors Act

I 116TH CONGRESS 1ST SESSION H. R. 908 To amend the Internal Revenue Code of 1986 to allow individuals only enrolled in Medicare Part A to contribute to health savings accounts. IN THE HOUSE OF REPRESENTATIVES JANUARY 30, 2019 Mr. LATTA (for himself, Mr. GIBBS, Mr. MEADOWS, Mr. GIANFORTE, and Mr. WEBSTER of Florida) introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to allow indi- viduals only enrolled in Medicare Part A to contribute to health savings accounts. Be it enacted by the Senate and House of Representa- 1 tives of the United States of America in Congress assembled, 2 SECTION 1. SHORT TITLE. 3 This Act may be cited as the ‘‘Stop Penalizing Work- 4 ing Seniors Act’’. 5 VerDate Sep 11 2014 04:31 Feb 09, 2019 Jkt 089200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H908.IH H908 kjohnson on DSK79L0C42 with BILLS 2 •HR 908 IH SEC. 2. INDIVIDUALS OVER AGE 65 ENROLLED ONLY IN 1 MEDICARE PART A ALLOWED TO CON- 2 TRIBUTE TO HEALTH SAVINGS ACCOUNTS. 3 (a) IN GENERAL.—Section 223(b)(7) of the Internal 4 Revenue Code of 1986 is amended by adding at the end 5 the following: ‘‘This paragraph shall not apply to any indi- 6 vidual during any period for which the individual’s only 7 entitlement to such benefits is an entitlement to hospital 8 insurance benefits under part A of title XVIII of such Act 9 pursuant to an enrollment for such hospital insurance ben- 10 efits under section 226(a) of such Act.’’. 11 (b) EFFECTIVE DATE.—The amendments made by 12 this subsection shall apply to taxable years beginning after 13 December 31, 2018. 14 Æ VerDate Sep 11 2014 04:31 Feb 09, 2019 Jkt 089200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H908.IH H908 kjohnson on DSK79L0C42 with BILLS