Sec. 519. Purchase of health insurance from HSA account
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/bill/113/hr/3622/ih/section-519·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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(2)of section 223(d) is amended to read as follows: The term qualified medical expenses means, with respect to an account beneficiary, amounts paid by such beneficiary for medical care (as defined in section 213(d)) for any individual covered by a high deductible health plan of the account beneficiary, but only to the extent such amounts are not compensated for by insurance or otherwise. Except as provided in subparagraph (C), subparagraph
(A)shall not apply to any payment for insurance. Subparagraph
(B)shall not apply to any expense for coverage under— a health plan during any period of continuation coverage required under any Federal law, a qualified long-term care insurance contract (as defined in section 7702B(b)), a health plan during any period in which the individual is receiving unemployment compensation under any Federal or State law, a high deductible health plan, or any health insurance under title XVIII of the Social Security Act, other than a Medicare supplemental policy (as defined in section 1882 of such Act). . The amendment made by this section shall apply with respect to insurance purchased after the date of the enactment of this Act in taxable years beginning after such date.