Sec. 520. Special rule for certain medical expenses incurred before establishment of account
164 words·~1 min read·
/bill/113/hr/3622/ih/section-520·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Paragraph
(2)of section 223(d), as amended by section 619, is amended by adding at the end the following new subparagraph: 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— during either— the taxable year in which the health savings account was established, or 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 for medical care of an individual during a period that such individual was covered by a high deductible health plan and met the requirements of subsection (c)(1)(A)(ii) (after application of subsection (c)(1)(B)). . The amendment made by this section shall apply to taxable years beginning after the date of the enactment of this Act.