American Future Healthcare Act of 2019

Summary

American Future Healthcare Act of 2019 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); allow a rollover of HSA amounts to a Medicare Advantage Medical Savings Account (MSA); and treat direct primary care service arrangement fees as deductible medical expenses. This bill also allows an individual with alternative health coverage to opt out of Medicare hospital services benefits without also having to opt out of Old Age, Survivors, and Disability Insurance benefits and without having to repay Medicare hospital services benefits already received.

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Timeline

1. 11 October 2019

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 11 October 2019

   Referred

   Referred to the Subcommittee on Health.

   Source: Committee

3. 11 October 2019

   Introduced

   Introduced in House

   Source: IntroReferral

4. 11 October 2019

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 11 October 2019 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 11 October 2019

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 11 October 2019

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 11 October 2019

  Open at official source

Sponsors

• Steve King · R · Sponsor
• · hswm00 · Standing

Related records

• related to ← Primary Care Enhancement Act of 2019