Introduced
by
To authorize an income tax deduction for the difference between the maximum contribution to a Health Savings Account (HSA), and the high amount of the health insurance deductible for the health plan that is the second component of an HSA. HSAs and Medical Savings Accounts (MSAs) combine a high deductible health insurance plan, which is much less costly than standard health insurance, with an IRA-like tax-deferred savings account owned by the employee. Routine health care expenses less than the insurance deductible amount are paid from this account.
Referred to the Committee on Tax Policy
