A bill to amend the Internal Revenue Code of 1986 to assure access to health insurance for self-employed individuals.

Summary

Amends the Internal Revenue Code to increase the income tax deduction for the amount of health insurance costs of a self-employed individual from 25 percent to 100 percent of such costs for the medical care of the taxpayer and the taxpayer's spouse and dependents. Permits an income tax deduction for self-employed individuals in the amount of their contributions to group health plans that are not self-insured and that provide medical benefits to employees. Requires: (1) an eligible plan to benefit all employees not covered by another group health plan: and (2) that at least half of the plan participants not be self-employed individuals or employee family members of such individuals.

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Timeline

1. 18 June 1987

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 18 June 1987

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

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Versions

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Documents

1 official file

• Introduced in Senate

  summary · EN · 18 June 1987

  Open at official source

Sponsors

• Sen. Kennedy, Edward M. [D-MA] · D · Sponsor
• Sen. Weicker, Lowell P., Jr. [R-CT] · R · Sponsor
• · ssfi00 · Standing

Related records

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