Summary: H.R.3006 — 114th Congress (2015-2016)All Information (Except Text)

There is one summary for H.R.3006. Bill summaries are authored by CRS.

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Introduced in House (07/09/2015)

Helping Save Americans' Health Care Choices Act of 2015

This bill amends the Internal Revenue Code, with respect to health savings accounts (HSAs), to:

  • eliminate the requirement that a participant in an HSA be enrolled in a high deductible health care plan;
  • increase the maximum contribution amount to an HSA;
  • permit both spouses in an HSA to make catch-up contributions to the same account;
  • allow the use of HSAs to pay health insurance premiums and long-term care insurance premiums;
  • treat fees paid in advance for the right to receive medical services as a deductible medical expense;
  • permit Medicare recipients to participate in HSAs;
  • repeal the restriction on payments from HSAs for nonprescription drugs;
  • repeal the additional tax on distributions from HSAs and Archer Medical Savings Accounts; and
  • repeal the $2,500 limitation on salary reduction contributions to a health flexible spending arrangement under a cafeteria plan.