Medical Cost Containment Act of 1992

Summary

Medical Cost Containment Act of 1992 - Amends the Internal Revenue Code to exclude from gross income employer-provided coverage under an accident or health plan and medical care savings benefits. Describes such benefits as a health plan which provides that all or part of the premium differential (adjusted annually for inflation) realized by instituting a qualified higher deductible health plan is credited to participating employees to pay for medical care for a plan year. Requires amounts remaining at the end of such plan year to be deposited into a tax-exempt medical care savings account (subject to rules similar to those for retirement plans) for use by the participant for medical expenses. Allows an employee to be advanced, interest-free, amounts necessary to cover expenses for medical care which exceed the amounts in the employee's account, upon the employee's agreement to repay such advancement.

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Timeline

1. 18 June 1992

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 18 June 1992

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

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Versions

• Introduced in Senate · — · Download file

Documents

2 official files

• Introduced in Senate (text)

  Introduced in Senate · EN

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 18 June 1992

  Open at official source

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Sponsors

• Sen. Breaux, John B. [D-LA] · D · Sponsor
• Sen. Coats, Daniel [R-IN] · R · Sponsor
• Sen. Daschle, Thomas A. [D-SD] · D · Sponsor
• Sen. Lugar, Richard G. [R-IN] · R · Sponsor
• Sen. Nunn, Sam [D-GA] · D · Sponsor
• Sen. Dixon, Alan J. [D-IL] · D · Sponsor
• Sen. Mack, Connie, III [R-FL] · R · Cosponsor
• Sen. Boren, David L. [D-OK] · D · Cosponsor
• Sen. Shelby, Richard C. [R-AL] · D · Cosponsor
• Sen. Smith, Bob [R-NH] · R · Cosponsor
• Sen. Nickles, Don [R-OK] · R · Cosponsor
• Sen. Lott, Trent [R-MS] · R · Cosponsor
• Sen. Craig, Larry E. [R-ID] · R · Cosponsor
• · ssfi00 · Standing

Related records

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