Sec. 231. HSA funds for premiums for high deductible health plans
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Subparagraph
(C)of section 223(d)(2) of the Internal Revenue Code of 1986, as restored by section 2, is amended by striking at the end of clause (iii), by striking the period at the end of clause
(iv)and inserting or , and by adding at the end the following: , or a high deductible health plan if— such plan is not offered in connection with a group health plan, no portion of any premium (within the meaning of applicable premium under section 4980B(f)(4)) for such plan is excludable from gross income under section 106, and the account beneficiary demonstrates, using procedures deemed appropriate by the Secretary, that after payment of the premium for such insurance the balance in the health savings account is at least twice the minimum deductible in effect under subsection (c)(2)(A)(i) which is applicable to such plan. . The amendment made by subsection
(a)shall apply to premiums for a high deductible health plan for periods beginning after December 31, 2011.