,i #aadth ,,congress #b;d ,session ,h4 ,r4 #feac ,,in ,,the ,,house ,,of ,,representatives ,december #h1 #bjaf,mr4 ,king of ,iowa introduced the following bill2 which was referred to the ,committee on ,ways and ,means ,a ,,bill ,to amend the ,internal ,revenue ,code of #aihf to expand health savings accounts1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,american ,future ,healthcare ,act of #bjaf4 #b4 ,reform of ,health ,savings ,accounts 7a7 ,repeal of high deductible health plan requirement ,section #bbc7;a7 of the ,internal ,revenue ,code of #aihf is amended to read as follows3 7a7 ,deduction allowed ,in the case of an individual1 there shall be allowed as a deduction for a taxable year an amount equal to the aggregate amount paid in cash during such taxable year by or on behalf of such individual to a health savings account of such individual4 4 7b7 ,increase in deductible ,,hsa contribution limitations ,section #bbc7;b77#a7 of such ,code is amended by striking the sum of the monthly and all that follows through eligible individual and inserting #aj1jjj 7#bj1jjj in the case of a joint return74 7c7 ,medicare eligible individuals eligible ,to contribute to ,,hsa ,section #bbc7;b7 of such ,code is amended by striking paragraph 7#g74 7d7 ,purchase of health insurance ,section #bbc7;d77#b7 of such ,code is amended-- 7#a7 by striking subparagraphs 7,b7 and 7,c71 and 7#b7 in subparagraph 7,a7 by striking 7,a7 ,in general and all that follows through ,the term and inserting ,the term4 7e7 ,cost-of-,living adjustment for catchup contributions ,section #bbc7;f77#a7 of such ,code 7as redesignated by subsection 7g77#c77 is amended by striking ,each dollar amount in subsections 7b77#b7 and 7c77#b77;,a7 and inserting ,in the case of a taxable year beginning after ,december #ca1 #bjae1 each dollar amount in paragraphs 7#a7 and 7#b7 of subsection 7b74 7f7 ,cost-of-,living adjustment indexed to ,,cpi medical care component ,section #bbc7;f7 7as so redesignated7 is amended by adding at the end the following new paragraph3 7#c7 ,,cpi medical care component 7,a7 ,in general ,for purposes of paragraph 7#a71 the cost-of-living adjsutment determined under section #a7;f77#c7 for the calendar year shall be determined by substituting ,,cpi medical care component for ,,cpi4 7,b7 ,,cpi medical care component ,for purposes of subparagraph 7,a71 the term ,,cpi medical care component means the medical care component for the ,consumer ,price ,index for ,all ,urban ,consumers published by the ,department of ,labor4 4 7g7 ,conforming amendments 7#a7 ,section #bbc7;b7 of such ,code is amended by striking paragraphs 7#b71 7#e71 and 7#h7 and by redesignating paragraphs 7#c71 7#d71 and 7#f7 as paragraphs 7#b71 7#c71 and 7#d71 respectively4 7#b7 ,section #bbc7;b77#c7 of such ,code 7as redesignated by paragraph 7#a77 is amended by striking the last sentence4 7#c7 ,section #bbc of such ,code is amended by striking subsection 7c7 and redesignating subsections 7d7 through 7h7 as subsections 7c7 through 7g71 respectively4 7#d7 ,section #bbc7;c77#a77;,a7 of such ,code 7as redesignated by paragraph 7#c77 is amended-- 7,a7 by striking subsection 7f77#e7 and inserting subsection 7e77#e71 and 7,b7 in clause 7ii7 by striking the sum of-- and all that follows and inserting the dollar amount in effect under subsection 7b77#a744 7#e7 ,section #bbc7;f77#a7 7as redesignated by paragraph 7#c77 is amended by striking calendar year #bjjc and inserting calendar year #bjad4 7#f7 ,section #bf7;b77,u7 of such ,code is amended by striking section #bbc7;f77#d7 and inserting section #bbc7;e77#d74 7#g7 ,sections #ce7;g77#c71 #bbj7;f77#e77;,a71 #hdh7;e77#a77v71 #digc7;a77#e71 and #fjea7;a77#ab7 of such ,code are each amended by striking section #bbc7;d7 each place it appears and inserting section #bbc7;c74 7#h7 ,section #ajf7;d77#a7 of such ,code is amended-- 7,a7 by striking who is an eligible individual 7as defined in section #bbc7;c77#a771 and 7,b7 by striking section #bbc7;d7 and inserting section #bbc7;c74 7#i7 ,section #djh7;d77#i7 of such ,code is amended-- 7,a7 in subparagraph 7,a7 by striking who is an eligible individual 7as defined in section #bbc7;c77 and1 and 7,b7 in subparagraph 7,c7 by striking computed on the basis of the type of coverage under the high deductible health plan covering the individual at the time of the qualified ,,hsa funding distribution4 7#aj7 ,section #hgg;,a7g77#f7 of such ,code is amended by striking #bbc7;f77#d7 and inserting #bbc7;e77#d74 7#aa7 ,section #digc7;g7 of such ,code is amended-- 7,a7 by striking section #bbc7;d7 and inserting section #bbc7;c71 7,b7 in paragraph 7#b71 by striking section #bbc7;f77#b7 and inserting section #bbc7;e77#b71 and 7,c7 by striking section #bbc7;f77#c7 and inserting section #bbc7;e77#c74 7#ab7 ,section #dige of such ,code is amended-- 7,a7 in subsection 7c77#f7-- 7i7 by striking section #bbc7;d7 and inserting section #bbc7;c71 and 7ii7 by striking section #bbc7;e77#b7 and inserting section #bbc7;d77#b71 and 7,b7 in subsection 7e77#a77;,e71 by striking section #bbc7;d7 and inserting section #bbc7;c74 7#ac7 ,section #ffic7;a77#b77;,c7 of such ,code is amended by striking section #bbc7;h7 and inserting section #bbc7;g74 7h7 ,effective date ,the amendments made by this section shall apply to taxable years beginning after ,december #ca1 #bjae4 #c4 ,,hsa ,rollover to ,medicare ,advantage ,,msa 7a7 ,in general ,section #ach7;b77#b7 of the ,internal ,revenue ,code of #aihf is amended by striking or at the end of subparagraph 7,a71 by adding or at the end of subparagraph 7,c71 and by adding at the end the following new subparagraph3 7,c7 a ,,hsa rollover contribution described in subsection 7d77#e71 4 7b7 ,,hsa rollover contribution ,section #ach7;c7 of such ,code is amended by adding at the end the following new paragraph3 7#e7 ,rollover contribution ,an amount is described in this paragraph as a rollover contribution if it meets the requirement of subparagraphs 7,a7 and 7,b74 7,a7 ,in general ,the requirements of this subparagraph are met in the case of an amount paid or distributed from a health savings to the account beneficiary to the extent the amount is received is paid into a ,medicare ,advantage ,,msa of such beneficiary not later than the #fjth day after the day on which the beneficiary receives the payment or distribution4 7,b7 ,limitation ,this paragraph shall not apply to any amount described in subparagraph 7,a7 received by an individual from a health savings account if1 at any time during the #a-year period ending on the day of such receipt1 such individual received any other amount described in subparagraph 7,a7 from a health savings account which was not includible in the individual's gross income because of the application of section #bbc7;e77#e77;,a74 4 7c7 ,conforming amendment ,section #bbc7;e77#e77;,a7 of such ,code1 as amended by section #b1 is amended by inserting or ,medicare ,advantage ,,msa after into a health savings account4 7d7 ,effective date ,the amendments made by this section shall apply to taxable years beginning after ,december #ca1 #bjae4