Section 1 Short title
This Act may be cited as the “Health Savings Account Act”.
Health Savings Account Act
A BILL
To amend the Internal Revenue Code of 1986 to increase the maximum contribution limit for health savings accounts, and for other purposes.
Sec. 2 Maximum contribution limit to HSA increased to amount of deductible and out-of-pocket limitation
Self-Only coverage— Section 223(b)(2)(A) of the Internal Revenue Code of 1986 is amended by striking “$2,250” and inserting “the amount in effect under subsection (c)(2)(A)(ii)(I)”.
Family coverage— Section 223(b)(2)(B) of such Code is amended by striking “$4,500” and inserting “the amount in effect under subsection (c)(2)(A)(ii)(II)”.
Effective date— The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.
Sec. 3 Treatment of direct primary care service arrangements
In general— Section 223(c) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph:
“(6) Treatment of direct primary care service arrangements—An arrangement under which an individual is provided coverage restricted to primary care services in exchange for a fixed periodic fee or payment for such services—
“(A) shall not be treated as a health plan described in subclause (I) or (II) of paragraph (1)(A)(ii) for purposes of such paragraph, and
“(B) shall not be treated as insurance for purposes of subsection (d)(2)(B).”
Certain provider fees To be treated as medical care— Section 213(d) of such Code is amended by redesignating paragraph (4) as paragraph (5) and by inserting after paragraph (3) the following new paragraph:
“(4) Periodic provider fees—The term medical care shall include—
“(A) periodic fees paid to a primary care physician for a defined set of medical services or the right to receive medical services on an as-needed basis, and
“(B) pre-paid primary care services designed to screen for, diagnose, cure, mitigate, treat, or prevent disease and promote wellness.”
Effective date— The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.
Sec. 4 Fitness center membership as an allowable HSA expense
In general— Subparagraph (A) of section 223(d)(2) of the Internal Revenue Code of 1986 is amended by adding at the end the following: “Such term shall include amounts paid for membership in a fitness center.”.
Effective date— The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.