Tax Free Health Savings Act of 2006

Summary

Tax Free Health Savings Act of 2006 - Amends the Internal Revenue Code to: (1) allow individual taxpayers a tax deduction for high deductible health plan premiums, a tax credit for employment taxes related to the payment of such premiums, and a refundable tax credit for the coverage costs under a high deductible health plan: (2) direct the Secretary of the Treasury to establish a program for advance payments of tax credit amounts to providers of high deductible health plans; (3) increase the tax deduction for contributions to health savings accounts; (4) allow health savings accounts to incorporate flexible spending arrangements or health reimbursement arrangements, or both; (5) allow payment of high deductible health plan premiums from health savings accounts; and (6) exempt employers from health savings account contribution requirements for certain employees with high levels of medical expenses.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 13 September 2006

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• Introduced in House (PDF)

  Introduced in House · EN · 13 September 2006

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• Introduced in House

  summary · EN · 13 September 2006

  Open at official source

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