H.R. 4130 — Introduced in House

I 116th CONGRESS 1st Session H. R. 4130 IN THE HOUSE OF REPRESENTATIVES July 30, 2019Mr. Marchant (for himself and Mr. Smith of Missouri) introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to repeal the ceiling on the sum of the annual deductible and the other annual out-of-pocket expenses required to be paid under a high deductible health plan. 1. Short title This Act may be cited as the Keeping HSAs Accessible Act of 2019. 2. Repeal of ceiling on deductible and out-of-pocket expenses under a high deductible health plan (a) In general Section 223(c)(2)A) of the Internal Revenue Code of 1986 is amended to read as follows: (A) High deductible health plan The term high deductible health plan means a health plan which has an annual deductible which is not less than— (i) $1,000 for self-only coverage, and (ii) twice the dollar amount in clause (i) for family coverage. . (b) Effective date The amendments made by this section shall apply with respect to months in taxable years beginning after the date of the enactment of this Act.