Summary: H.R.5250 — 102nd Congress (1991-1992)All Information (Except Text)

There is one summary for H.R.5250. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (05/21/1992)

Medical Cost Containment Act of 1992 - Amends the Internal Revenue Code to exclude from gross income medical care savings benefits. Describes such benefits as a health plan which provides that all or part of the premium differential realized by instituting a qualified higher deductible health plan is credited to participating employees to pay for medical care for a plan year. Requires amounts remaining at the end of such plan year to be deposited into a tax-exempt medical care savings account (subject to rules similar to those for retirement plans) for use by the participant for medical expenses.