Section 1 Short title
This Act may be cited as the “Youth Parity Act”.
Youth Parity Act
A BILL
To amend the Internal Revenue Code of 1986 to permit the medical expenses of dependents who have not attained age 26 to be paid from a health savings account.
Sec. 2 Medical expenses of dependents who have not attained age 26 permitted to be paid from health savings accounts
In general— Subparagraph (A) of section 223(d)(2) of the Internal Revenue Code of 1986 (defining qualified medical expenses) is amended by inserting “and determined by substituting “age of 26” for “age of 19” in subsection (c)(3)(A)(i) thereof” before “) of such individual”.
Effective date— The amendment made by this section shall apply to amounts paid from health savings accounts after the date of the enactment of this Act.