H.R. 10015

Great American Healthcare Act

Sponsor: Eric Burlison · 0 cosponsors

Where it stands

Introduced Aug 3
Committee Now
House of Representatives —
Senate —
Law —

Introduced Aug 3
Committee Now
House of Representatives —
Senate —
Law —

Referred to the Committee on Energy and Commerce, and in addition to the Committees on Ways and Means, Education and Workforce, the Judiciary, Armed Services, Veterans' Affairs, Foreign Affairs, and Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. (Aug 3)

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Official summary

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Text of the bill

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Sec. 1. Short title; table of contents

I Health Savings Accounts

Sec. 101. Short title

Sec. 102. Increase in contribution limitations

Sec. 103. Freedom from mandate

Sec. 104. Amounts paid for health insurance or direct primary care service arrangement

Sec. 105. Special rule for certain medical expenses incurred before establishment of account

Sec. 106. Administrative error correction before due date of return

Sec. 107. Allowing HSA rollover to child, parent, or grandparent of account holder

Sec. 108. Coverage for amounts paid for healthy food, vitamins, dietary supplements, and sports and fitness expenses

Sec. 109. Equivalent bankruptcy protections for health savings accounts as retirement funds

Sec. 110. Satisfaction of employer mandate through health savings account contributions

Sec. 111. Rollovers from health care FSAs and HRAs permitted

Sec. 112. Qualified general contributions to health savings accounts

(a) In general. Section 223 of the Internal Revenue Code of 1986, as amended by the preceding provisions of this Act, is amended—

(1) in subsection (c)(1)(A), by inserting or a qualified general contribution, after section 220(f)(5),, and

(2) in subsection (e)—

(A) in paragraph (3)(B), by inserting , or a qualified general contribution after section 220(f)(5), and

(B) by adding at the end the following new paragraph:

Text this section adds to the law

(9) Qualified general contribution. For purposes of this section—

(A) In general. The term qualified general contribution means any contribution which—

(i) is made by the Secretary pursuant to a general funding contribution,

(ii) is made to the health savings account of an account beneficiary in the qualified class of account beneficiaries specified in the general funding contribution, and

(iii) is in an amount which is equal to the ratio of—

(I) the amount of such general funding contribution, to

(II) the number of account beneficiaries in such qualified class.

(B) General funding contribution. The term general funding contribution means a contribution which—

(i) is made by—

(I) an entity described in section 170(c)(1) (other than a possession of the United States or a political subdivision thereof) or an Indian tribal government, or

(II) an organization described in section 501(c)(3) and exempt from tax under section 501(a), and

(ii) which specifies a qualified class of account beneficiaries to whom such contribution is to be distributed.

(C) Qualified class

(i) In general. The term qualified class means any of the following:

(I) All account beneficiaries.

(II) All account beneficiaries who reside in one or more States or other qualified geographic areas specified by the terms of the general funding contribution.

(ii) Qualified geographic area. The term qualified geographic area means any geographic area in which not less than 5,000 account beneficiaries reside and which is designated by the Secretary as a qualified geographic area under this clause.

(b) Exclusion from gross income

(1) In general. Part III of subchapter B of chapter 1 of such Code is amended by inserting before section 140 the following new section:

Text this section adds to the law

139M. Qualified general contributions to health savings accounts

(a) In general. Gross income of an account beneficiary shall not include any qualified general contribution to a health savings account of the account beneficiary.

(b) Definitions. Any term used in this section which is used in section 223 shall have the meaning given such term under section 223.

(2) Clerical amendment. The table of sections for part III of subchapter B of chapter 1 of such Code is amended by inserting before the item relating to section 140 the following new item:

Text this section adds to the law

Sec. 139M. Qualified general contributions to health savings accounts.

(c) Effective date. The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.

Sec. 113. Charitable contributions to health savings accounts

Sec. 114. Amounts paid for health care sharing ministry

Sec. 115. Qualified Trump account seeding distributions from health savings accounts

Sec. 116. Allowing HSA rollover to Trump account upon death of account holder

II Health Marketplace for All

Sec. 201. Short title

Sec. 202. Health marketplace pools deemed an employer for purposes of offering group health plans or group health insurance coverage

Sec. 203. Conforming amendments

III Strengthening Hospital and Insurer Price Transparency