Keeping HSAs Accessible Act of 2019

I 116TH CONGRESS 1ST SESSION H. R. 4130 To amend the Internal Revenue Code of 1986 to repeal the ceiling on the sum of the annual deductible and the other annual out-of-pocket expenses required to be paid under a high deductible health plan. IN THE HOUSE OF REPRESENTATIVES JULY 30, 2019 Mr. MARCHANT (for himself and Mr. SMITH of Missouri) 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 repeal the ceiling on the sum of the annual deductible and the other annual out-of-pocket expenses required to be paid under a high deductible health plan. 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 ‘‘Keeping HSAs Acces- 4 sible Act of 2019’’. 5 VerDate Sep 11 2014 03:39 Aug 15, 2019 Jkt 089200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H4130.IH H4130 kjohnson on DSK79L0C42 with BILLS 2 •HR 4130 IH SEC. 2. REPEAL OF CEILING ON DEDUCTIBLE AND OUT-OF- 1 POCKET EXPENSES UNDER A HIGH DEDUCT- 2 IBLE HEALTH PLAN. 3 (a) IN GENERAL.—Section 223(c)(2)A) of the Inter- 4 nal Revenue Code of 1986 is amended to read as follows: 5 ‘‘(A) HIGH DEDUCTIBLE HEALTH PLAN.— 6 The term ‘high deductible health plan’ means a 7 health plan which has an annual deductible 8 which is not less than— 9 ‘‘(i) $1,000 for self-only coverage, and 10 ‘‘(ii) twice the dollar amount in clause 11 (i) for family coverage.’’. 12 (b) EFFECTIVE DATE.—The amendments made by 13 this section shall apply with respect to months in taxable 14 years beginning after the date of the enactment of this 15 Act. 16 Æ VerDate Sep 11 2014 03:39 Aug 15, 2019 Jkt 089200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H4130.IH H4130 kjohnson on DSK79L0C42 with BILLS