HSA Improvement and Expansion Act of 2006

Summary

HSA Improvement and Expansion Act of 2006 - Amends Internal Revenue Code provisions relating to health savings accounts (HSAs) to: (1) allow a one-time, tax-free transfer of balances in employer flexible spending arrangements, health reimbursement arrangements, and individual retirement accounts to HSAs; (2) revise HSA eligibility criteria for spouses covered by flexible spending arrangements, individuals over age 65 automatically enrolled in Medicare part A, and veterans receiving medical benefits; (3) increase contribution limits for HSAs; (4) allow payment of high deductible health insurance premiums from HSAs; and (5) allow payment from an HSA of certain medical expenses incurred before the establishment of such HSA.

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Timeline

1. 27 June 2006

   Introduced

   Read twice and referred to the Committee on Finance. (text of measure as introduced in Senate: CR S6581-6583)

   Source: IntroReferral

2. 27 June 2006

   Introduced

   Sponsor introductory remarks on measure. (CR S6580-6581)

   Source: IntroReferral

3. 27 June 2006

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 27 June 2006 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 27 June 2006

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 27 June 2006

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 27 June 2006

  Open at official source

Sponsors

• Sen. Hatch, Orrin G. [R-UT] · R · Sponsor
• · ssfi00 · Standing

Related records

• related to → HSA Improvement and Expansion Act of 2006