H.R. 10015
Great American Healthcare Act
Sponsor: Eric Burlison · 0 cosponsors
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Text of the bill
I Health Savings Accounts
(a) In general. Paragraph (2) of section 223(c) of the Internal Revenue Code of 1986, as amended and redesignated by the preceding sections of this Act, is further amended by adding at the end the following new subparagraph:
(C) Certain medical expenses incurred before establishment of account treated as qualified. An expense shall not fail to be treated as a qualified medical expense solely because such expense was incurred before the establishment of the health savings account if such expense was incurred—
(i) during either—
(I) the taxable year in which the health savings account was established, or
(II) the preceding taxable year, in the case of a health savings account established after the taxable year in which such expense was incurred but before the time prescribed by law for filing the return for such taxable year (not including extensions thereof), and
(ii) for medical care which (but for the fact that it was incurred before the establishment of the account) otherwise meets the requirements of the preceding subparagraphs.
(b) Effective date. The amendment made by this section shall apply to taxable years beginning after the date of the enactment of this Act.
II Health Marketplace for All
III Strengthening Hospital and Insurer Price Transparency
IV Protecting Patient Access to Cancer and Complex Therapies
V Expanded-access Prescription Drugs
VI Repeal of Certain Federal Reserve System Earnings on Balances