There is one summary for H.R.408. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (01/10/2017)

American Future Healthcare Act of 2017

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

  • repeal the requirement that an individual making a tax deductible contribution to an HSA be covered by a high deductible health care plan;
  • increase the maximum HSA contribution level;
  • allow Medicare eligible individuals to contribute to an HSA;
  • allow HSAs to be used to purchase health insurance;
  • provide a cost-of-living adjustment for the limits on additional contributions for individuals 55 or older (catch-up contributions);
  • require the cost-of-living adjustments to be indexed to the CPI medical care component (the medical care component for the Consumer Price Index for All Urban Consumers published by the Department of Labor); and
  • allow a rollover of HSA amounts to a Medicare Advantage Medical Savings Account (MSA).