There is one summary for H.R.247. Bill summaries are authored by CRS.

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Introduced in House (01/04/2017)

Health Savings Account Expansion Act of 2017

This bill amends the Internal Revenue Code to modify the requirements for health savings accounts (HSAs) to:

  • increase the maximum contribution amounts,
  • permit the use of HSAs to pay health insurance premiums and direct primary care expenses,
  • repeal the restriction on using HSAs for over-the-counter medications,
  • eliminate the requirement that a participant in an HSA be enrolled in a high deductible health care plan, and
  • decrease the additional tax for HSA distributions not used for qualified medical expenses.