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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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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