Introduced
by
To authorize a non-refundable income tax deduction equal to a taxpayer’s contributions to a Health Savings Account (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 Health Policy
